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Pressure remains

Pressure remains | 01 July 2016

01 July 2016, GBP/USD

Pressure remains

Four-hours chart of GBPUSD. After a short respite, bears have seized the initiative again. Now the pair is proof-testing again the level (2/8). In the medium run, the probability of breakdown of this level from top to bottom is high enough. Decline the pair is still the main plan. To make the pair move up, a fundamental driver is needed, which is not present and there are doubts that it will appear in the near future.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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