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We expect the price at (1/8)

We expect the price at (1/8) | 22 August 2016

22 August 2016, EUR/USD

Four-hours chart of GBPUSD. As we expected, the pair bounced off from the main level of support and resistance (4/8). This rebound has reversed down strong enough, as a result, the price broke (2/8). Consolidation below this level will open the way to a deeper drop to the main support level (0/8). Today, the main option is consolidation around (2/8). The upper border of consolidation will be the four-hours SuperTrend line. The bottom border is (1/8)

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