Bears took the lead | 06 Juli 2016
06 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. The decline continues. Bears could not hold the price above (2/8) for long. Now it's broken and the price continues to move down. Moreover, it broke (1/8), therefore we are unlikely to see the reversal at this poimt. The next level that may have an impact on the price is (0/8). This is quite a strong level of support. We are waiting the price at this level, and the future direction of the price movement will depend on results of testing of this level. Growth of the pair from the current levels is not even 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.
