Pair couldn’t break through level (5/8) | 09 Maret 2016
09 Maret 2016, GBP/USD
The four-hours chart of GBPUSD. Pair couldn’t break through level (5/8) so further price movement could be in horizontal range (3/8 – 5/8). At the moment pair tests main support/resistance level (4/8) from which we are waiting for upper bounce. If it breaks through of this level we will get second signal for beginning moving into horizontal range and this possibility will be main. Now we are waiting for price reaction on (4/8) level.
Trading decisions: no
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.
