The pair is again being traded below (4/8) | 29 أغسطس 2016
29 أغسطس 2016, GBP/USD
Four-hours chart of GBPUSD. The pair was not able to reach (6/8). Bears defended this level and their counter-attack made it clear that they will not lose their positions. At the moment the price is already below the main level of support and resistance. Locally, at (3/8) we expect an upward corrective pullback, to the main support and resistance level (4/8), from where the price is expected to start a new descending wave targeting (2/8). As a possible alternative option, the flat (3/8 - 5/8) can take place
Trading solutions: none
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.
