The level (4/8) has been forced down | 02 July 2015
02 July 2015, GBP/USD
4 hours’ chart of GBPUSD. Following to a durable consolidation, the pair has resumed its downward movement. Upon that, its nearest target - the main level of support and resistance (4/8) – has been broken without special efforts. Now the pair is trying to consolidate under this level. Shall it succeed in this attempt, it will move down to the level (2/8). An alternative option is movement of the price within a horizontal channel (3/8 – 5/8).
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.
