Wait for the correction | 09 June 2016
09 June 2016, GBP/USD
4-hourly chart GBPUSD. Repeated attempt of bulls to break through to the main resistance level ended unsuccessfully. Bears made a successful counterattack. The local support level (6/8) is broken, and this situation opens the way for further reduction with whole at the top level of support / resistance (4/8). This trading scenario in main focus for today. It would be canceled , if buyers seize the initiative and return the price to (6/8) level. In this case, they will have a chance for another hike towards (8/8) level. Trading solutions: none
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.
