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Bulls' success was short-lived

14 July 2016, GBP/USD

The 4hours' of GBPUSD. Bulls' success was short-lived. They managed to take one of the resistance levels - (2/8), but have failed to cross (3/8) - they did not even touch it. The main plan is a drop with the medium-term goal - the main support level (0/8). The outlook of a corrective upward movement is limited by the resistance area formed at (3/8).

Trading solutions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
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