manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Pressure remains

03 October 2016, GBP/USD

GBP/USD: Pressure on the pair is remaining

The four-hours chart GBPUSD. Pair couldn’t break through and consolidates above the line of the four-hours Supertrend line. After short consolidation price has broke through the main support level (0/8). Now situation isn’t good for buyers. The main possibility is pair decrease. The nearest aim locates on (-1/8) level. As the most perspective aim we can consider level (-2/8). This script would be canceled if pair returns above level (0/8) and consolidates here.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .