15 August 2016, GBP/USD
Four-hours chart of GBPUSD. The pair continues to move down. Bulls have made another attempt to gain a foothold at least above the four-hours SuperTrend line and failed. Strength of four-hours SuperTrend line proves continuation of trend movement. Therefore, the main plan is a decline. First, the price is expected to get to the reversal level (1/8), which now still serves as the year's Low, but in the medium run, the Low can be updated, too.
Trading solutions: keep sales, the goal is the same, at the reversal level 1.2817 (1/8)
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us