The price is about to get oversold | 27 September 2016
27 September 2016, GBP/USD
The four-hours chart GBPUSD. Price hasn’t had important changes during last trading day. Pair is continuing consolidation on (0/8) level. Price goes to this level in second time. We haven’t seen breakthrough from this level. As the main possibility we are observe possibility with pair decrease. The nearest aim is on the oversold area it is (-1/8) level. This possibility would be canceled if price breaks through and consolidates above the four-hours Supertrend line. In this case as a priority we could consider possibility with further price moving into flat (0/8 – 2/8).
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.
