Correction | 16 أغسطس 2016
16 أغسطس 2016, GBP/USD
Four-hours chart of GBPUSD. The pair continues to move down. The target - the reversal level (1/8) - has not been reached. We should not expect a rapid decline to this mark, because it is the Low and not only the Low of the current year. Thus, bulls will put a very strong pressure as the price is nearing this level. Today we expect a corrective upward pullback to this level (2/8) and from it a new descending wave may start. Alternatively, we may expect a surge to the SuperTrend Daily line
Trading solutions : close sales at current levels. There are no new signals.
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.
