Pressure remains | 20 September 2016
20 September 2016, GBP/USD
The four-hours chart GBPUSD. After strong decrease and break through (2/8) level pair tried to come back and to consolidate above this level but pair couldn’t do it. As a main priority we observe possibility with pair decrease. The aim is the next even level (0/8). This possibility would be canceled if pair breaks through and consolidate above (2/8) level. In this situation we would see strong correction pullback in the area of the daily Supertrend line. But medium-term priority is decrease moving.
Trading decisions: 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.
