The pais is failing to cross (3/8) | 18 أغسطس 2016
18 أغسطس 2016, GBP/USD
Four-hours chart of GBPUSD. The pair has pulled back, but found support at the four-hours SuperTrend line, from which the price has resumed its short upward movement. Bulls were unable to push through the resistance area formed by the level (3/8) and the SuperTrend Daily line. As long as this area is not crossed, we cannot discuss continuation of the rising correction. Therefore, the main option is a pullback down to the closest target level (2/8).
Solutions: sell from current levels with a stop set at the local High. The closest goal is 1.2939 (2/8)
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.
