The price has reached strong support level

21 September 2016, GBP/USD

GBP/USD: Price has reached strong support level

The four-hours chart GBPUSD. Pair has consolidate under 1.3062 (2/8) level and continue decrease moving to the next even level 1.2939 (0/8). As we can see this level has practically reached. We can market that it is strong support level and price rare breaks through this level from the first try. From the current positions we can expect correction upwards pullback. The aim is intermediate resistance level 1.3062 (2/8), from this level we are waiting for beginning of new decrease wave.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call