Pressure on the pair is still exerted | 07 July 2015
07 July 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair was not able to break the main level of support and resistance (4/8) from bottom to top. The price has bounced from this level down and now we are to expect its further decline with the nearest target based on the level (2/8) supported by weekly Supertrend line. This scenario will be cancelled by consolidation of the price 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.
