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Trying to gain a foothold in the oversoldness area

Trying to gain a foothold in the oversoldness area | 01 September 2015

01 September 2015, GBP/USD

Trying to gain a foothold in the oversoldness area

The four-hours' chart of GBPUSD. The pair continues to consolidate on the main level of support (0/8). Additional support is now rendered by the oversoldness area. From current position we can expect another attempt to enter the oversoldness zone. It is worth to pay attention to the level (-1/8), from which the price is likely to rebound.

solutions: buy on the level of 1.5320 (-1/8) .

Nikolay Krishtopov
FreshForex Analyst
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