The pair has left overboughtness area | 20 May 2015
20 May 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair has forced the level (8/8) and has left overboughtness area. This is a pivot point and, as a rule, it tells about reversal of trend or at least about a vey strong pullback of price. As of now, we expect further decline of price with the first target based on the level (2/8). The level (4/8) can be considered as the middle-term target.
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.
