The pair is approaching resistance area | 08 Septiembre 2015

08 Septiembre 2015, GBP/USD

The pair is approaching  resistance area

The four-hours chart of GBPUSD. The pair went into a correction, just in some time before it was supposed to reach the main support and resistance level (4/8). At the moment the price is testing a very strong resistance area formed by the weekly and daily Supertrend lines and level (6/8). After reaching this area, we can expect resumption of the downward movement.

solutions: sell at 1.5381 (6/8)


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
Analista de la empresa" FreshForex
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