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)
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.
