The pair has thoroughly entrenched itself in the overboughtness area | 20 August 2015
20 August 2015, GBP/USD
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The four-hours' chart of GBPUSD. The pair has thoroughly entrenched itself in the overboughtness area. It is primarily characterized by the fact that resists by its entire area, so the upward movement is often accompanied by a local pullback down. The ultimate goal is the level (+2/8), after crossing which the price will be going to redraft Murrey levels .
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.
