The pair have settled in overbought area | 13 May 2015

13 May 2015, GBP/USD

The pair have settled in overbought area

The pair have settled in overbought area

4 hours’ chart of GBPUSD. There is a strong upward movement here, even the main resistance level(8/8) was not able to stop it. This pair has been passed bottom to top this level with first attempt and consolidate in overbought area. That's why way for next growthing is open now. Its target is (+2/8) mark. The support will be (8/8) mark, because it is with 4 hours’  line of SuperTrend.

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus