Trying to consolidate just a little under the level (4/8) | 03 July 2015
03 July 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair is still consolidating in a very narrow range just a little under the main level of support and resistance (4/8). 4 hours’ Supertrend line (4/8) performs as an additional resistance for the pair. The point (2/8) is still working as the nearest target for decline. This scenario will only be cancelled if the price returns and consolidates above the level (4/8).
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.
