Correction is possible | 12 Juli 2016
12 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. Bulls managed to break through the defense line of bears on the four-hours SuperTrend Line, thus they have discovered new targets for a corrective growth. The next resistance level is at (2/8). We expect growth to this level and it will intensify actions of sellers. The trend is still descending. The current growth is nothing but a correction
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.
