Pressure remains | 03 اكتوبر 2016

03 اكتوبر 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


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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