Bulls are trying to win the earlier lost positions back | 20 Juni 2016
20 Juni 2016, GBP/USD
Four-hours chart of GBPUSD. The pair surged and has almost reached the strongest resistance level (8/8). The price rarely crosses it on the first try, higher there is an overboughtness area is, which also provides resistance. But given the current news background, everything can happen. Growth of the pair is the main plan, target is (+ 1/8), from which, most likely, we can expect a dowward rollback. The alternative plan: a downward rollback to (8/8)
Trading solutions: none.
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.
