The turning point | 23 June 2016
23 June 2016, GBP/USD
Four-hours chart of GBPUSD. Bulls managed to hold the price in the overboughtness area and continue the upward movement. The upper border of the overboughtness area (+2/8) is very close. Probability of reaching this level is very high. But the medium-term direction will be clear only after crossing this mark, because at this point Murrey levels will be redrafted. To make the pair drop, bears need to consolidate below (8/8). In this case, we may see the price at (4/8). Trading solutions: no
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.
