The pair has entered overboughtness area again | 22 Mei 2015
22 Mei 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair has entered overboughtness area again which performs as resistance. That is confirmed by a rather notable bounce from this area. Therefore, a probability of renewal of descending movement is still big. The first target is still an intermediate level of support (6/8). This plan would be cancelled by update of current High.
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.
