The pair has entered the overboughtness zone | 27 Abril 2015
27 Abril 2015, GBP/USD
4 hours’ chart of GBPUSD. Main resistance level (8/8) was not able to work for the pair. The pair has entered overboughtness zone. At present, the level (+1/8) has been reached, from which we can expect pullback to the point (8/8). In its turn, it retains the price from leaving from the overboughtness zone. At the same time, this level is the one from which we can expect renewal of growth with the target based on the point (+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.
