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Pressure remains

11 August 2016, GBP/USD

Four-hours chart of GBPUSD. On a local pullback the pair has failed to consolidate above the four-hours SuperTrend Line and pulled back to around 1.2939 (2/8) again. Main option is breakdown of the local level of support and a deeper drop with a view to 1.2817 (1/8). Growth of the pair will be relevant in the event of breakthrough and consolidation of the price above the yesterday's high

Trading solutions: keep yesterday's Sell trades and transfer of your order into the black, the goal is the same - at the reversal level 1.2817 (1/8)

Nikolay Krishtopov
FreshForex Analyst
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