The price has failed to consolidate above (4/8) | 24 أغسطس 2016
24 أغسطس 2016, GBP/USD
Four-hours chart of GBPUSD. The price has retest major support and resistance level (4/8). Since the price has failed to consolidate above (4/8), the main option is drop of the pair. The goal is the support area formed by 1.3062 (2/8) and the SuperTrend Daily line. Continuation of the upward movement will be considered as the primary option only after consolidation above 1.3184 (4/8). Trading solutions: sell from current levels, put stop loss order at the local High, target is 1.3062 (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.
