Expecting the price on the level (1/8) | 25 Juli 2016
25 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. The pair continues to consolidate around (2/8). But both a global and local situation is not in favor of bulls. At the local level, they had a chance of a good corrective recovery, but they did not use it. The local area of support has been broken and a new strong resistance area was formed. The main plan is a decline with the next target at (1/8). This option would be canceled if the price can come back and to gain a foothold above (2/8).
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.
