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Unable to consolidate above the level (6/8)

Unable to consolidate above the level (6/8) | 10 September 2015

10 September 2015, GBP/USD

The four-hours chart of GBPUSD. The pair failed to consolidate above the resistance area, formed by the weekly and daily Supertrend lines and level (6/8). Now the pair has consolidated just below this area and decline of the pair remains to be the core expectation.

Trading solutions: sell from the level of 1.5381 (6/8).

Price was unable to gain a foothold above the level (6/8)

The four-hours chart of GBPUSD. The pair failed to consolidate above the resistance area, formed by the weekly and daily Supertrend lines and level (6/8). Now the pair has consolidated just below this area and decline of the pair remains to be the core expectation.

Trading solutions: sell from the level of 1.5381 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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