Pressure remains

05 July 2016, GBP/USD

Four-hours chart of GBPUSD. The pressure remains. In recent days, bulls did not manage to break above the four-hours SuperTrend Line. The probability of breaking the level (2/8) is very high and now this option is the main one with the nearest goal 1.2939 (1/8). An important confirmation of this scenario would be the breakout of (2/8) from top to bottom. Growth is not considered now. (2/8) is not so strong level and reversals of trend movements on it are very rare

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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