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Failing to get above (2/8)

Failing to get above (2/8) | 14 June 2016

14 June 2016, GBP/USD

Four-hours chart of GBPUSD. The pair got corrected and faced a strong resistance formed by the fourhours' SuperTrend line and (2/8) quickly. After that, it has bounced off low. As long as the price is below this resistance area, it will follow the downward movement. The nearest goal is (-1/8), the next target is (-2/8). We should consider Buy orders only after consolidation of the price above (2/8)

Trading solutions: sell on retest of 1.4282 (2/8) . The nearest goal is 1.4099 (-1/8).

Nikolay Krishtopov
FreshForex Analyst
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