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Pressure remains

10 August 2016, GBP/USD

Pressure remains

Four-hours chart of GBPUSD. For one more time, Murrey levels were redrafted on the chart due to reduced volatility of the trading instrument. At the moment, we see a corrective pullback from the price level (2/8), but the price has already reached the next resistance level, which is represented by the four-hours SuperTrend line. As you can see, so far, the pair cannot cross this level, so the main plan for today is a deeper drop. The nearest goal is (1/8).

Trading solutions: sell from current levels with the target 1.2817 (1/8).

Nikolay Krishtopov
FreshForex Analyst
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