The level (4/8) cannot hold the price | 05 May 2015
05 May 2015, GBP/USD
4 hours’ chart of GBPUSD. There was no correctional pullback from the strongest level (4/8). The pair has forced it from top to bottom and is trying to consolidate under it now. If the pair succeeds to do so, we can expect a strong decline of the quite with the first probable stop on the level (2/8). The last level is the nearest significant level which can impact on the price.
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.
