The price has failed to cross (3/8) | 18 July 2016
18 July 2016, GBP/USD
Four-hours chart of GBPUSD. Buyers could not cross (3/8), which currently serves as a strong resistance. Nevertheless, buyers are not thrashed. The local support on the Daily SuperTrend Line has resisted, so they still have a chance to resume an upward movement - within the frames of correction. The nearest goal is (3/8). Breakdown and consolidation of the pair below the SuperTrend Daily line will cancel this option. In this case, we wait for a new descending wave and a drop to the main support level (0/8) in the long run
Trading solutions: no
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
