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Pressure on the pair is still exerted

03 September 2015, GBP/USD

Pressure on the pair is still exerted

The four-hours' chart of GBPUSD. The pair failed to gain foothold even above the fourhours' SuperTrend Line. It indicates that does power of the trend does not become weaker, so the main option to consider is continuation of the downward movement. The next target is the main support / resistance level (4/8). This option would no loner be relevant in case of breakdown and consolidation of the pair above the fourhours' SuperTrend Line.

Business solutions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
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