Support has not been broken yet | 09 July 2015
09 July 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair tried to overcome support area formed by the level (2/8) and weekly Supertrend line on the fly, but has not succeed yet. There are low chances to do that from the first attempt taking into account the way made by the price without any pullbacks. So, the main plan is a correctional growth. Target is represented by the day Supertrend line. One more proof will be a breakthrough of 4 hours’ Supertrend line from bottom to top.
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