The price is in the overboughtness zone | 27 مايو 2016
27 مايو 2016, GBP/USD
Four-hours chart of GBPUSD. The price has pulled back to the bottom. Let me remind you that the pair is in overboughtness area, which resists by its entire area, so it is characterized by a relatively strong and frequent rollback of the price down. Nevertheless, we can see that buyers have so far managed to hold the price above the level (8/8), so the chances for continued growth remain there, and they are good enough. The price is expected to reach level (+2/8), but most likely, not today. Decline will be considered upon consolidation below the level (8/8)
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.
