Expecting the price at (4/8) | 30 أغسطس 2016

30 أغسطس 2016, GBP/USD

Expecting the price at (4/8)

Four-hours chart of GBPUSD. The pair continued to move lower and has reached a rather strong support area formed by the SuperTrend Daily line and the level (2/8). We have already seen quite a strong rebound from this area, so we can count on a similar reaction today. The main support and resistance level (4/8) serves as the target for growth.This option will be canceled by breakdown and consolidation of the pair below the SuperTrend Daily line. In this case, we will be expecting a deeper drop with a view on (0/8)

Trading solutions: none


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
محلل شركة FreshForex
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