The price failed to force support down | 10 Juli 2015

10 Juli 2015, GBP/USD

The price failed to force support down

4 hours’ chart of GBPUSD. The pair has completed a retest of the weekly Supertrend line, but was not able to pass this level. Therefore, the main scenario considered by us is still an upward correctional pullback of the price. Target is represented by the day Supertrend line. An additional proof will be a breakthrough of the 4 hours’ Supertrend line made from the bottom to the top.


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.
Nikolay Krishtopov
Analis perusahaan "FreshForex"
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