The pair has consolidated in the overboughtness area | 17 August 2015
17 August 2015, GBP/USD
The four-hour's chart of GBPUSD. The pair broke the level 1.5625 (8/8) from the bottom to the top and has consolidated in the overboughtness area. Accordingly, now the level of the resistance (8/8) turns into support level that would restrict exit of the price from the overboughtness zone. As the main option, we consider growth of the pair to 1.5747 (+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.
