The local support was broken | 20 Juli 2016
20 Juli 2016, GBP/USD
The four-hours chart of GBPUSD. The price broke support on the daily SuperTrend Line. Bulls could not keep this local important level to them and the level has now re-opened the way to Lows of the year. But in the medium run, on the local level, we can now see this corrective growth and retest of (2/8) from the back side, and only then a start of a new descending wave. Today this is the main plan.
Trading solutions: It is better to settle in a small profit at current levels, as there is a high probability of an upward rollback, at which point we can find entry points in sales.
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.
