Pressure remains | 29 Juni 2016
29 Juni 2016, GBP/USD
Four-hours chart of GBPUSD. Sellers pressed buyers. Bulls can not run an efficient correction and gain a foothold above the fourhours' SuperTrend line. On a strong downtrend, it is quite a significant resistance level, so from the current position we expect a new descending wave. The next target is (2/8). In the case of its breakdown we expect a deeper decline. Given width of the levels, the goal is designated at (1/8). Taking into account fundamental and technical picture, growth of the pair is not considered
Trading solutions: 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.
