Buyers couldn’t hold the main support level | 12 September 2016

12 September 2016, GBP/USD

GBP/USD: buyers couldn’t hold the main important support level

The four-hours chart GBPUSD. Buyers couldn’t hold price above medium support level (6/8). Loosing of this level is serious hit for bulls’ positions. Locally we could expect correction pair growth from recent levels but medium-term possibility is pair decrease. The nearest resistance level from what new decrease wave could be appeared is (6/8) level. This level has extra strengthen by the four-hours Supertrend line. This possibility would be canceled if bulls could return price on level (6/8) and consolidate there.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .