The pair consolidates its position in the overboughness area | 21 August 2015
21 August 2015, GBP/USD
.png "The pair consolidates its position in the overboughness area")
The four-hours' chart of GBPUSD. The pair is still in the overboughtness zone. Its attempt to get out of it ended badly. The level (8/8) is holding the pair in its field. Therefore, our priority expectation remains to be growth of the pair. Its the target would be the level (+2/8), after crossing which Murrey levels will get redrafted.
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.
