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Pressure remains

Pressure remains | 04 July 2016

04 July 2016, GBP/USD

Pressure remains

Four-hours chart of GBPUSD. Sellers are still putting the pair under pressure to a local Low, which almost align with the level (2/8). The probability of breakdown of this mark from top to bottom is still very high. The main plan is decline targeting the reversal level (1/8). A correctional upward pullback can be enabled only by consolidation above the Daily SuperTrend Line.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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