Correction is probable | 08 July 2015
08 July 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair has almost reached its nearest target on the level (2/8) and now we can expect a correctional pullback of the price upwards. The first target for a pullback is represented by a 4 hours’ Supertrend line. Only if this line is broken, we can rely on a deeper pullback of the price upwards. This scenario will be cancelled by consolidation of the price under the level (2/8).
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.
