Bears are still strong | 08 Juli 2016
08 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. Our expectations of an upward corrective pullback did not come true. Buyers even could not break through the fourhours' line of SuperTrend. This is a signal of a continueddownward trend movement. The main plan is a drop with the nearest goal at the main support level (0/8), but given the current picture, it may get lower. Growth 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.
