The level of resistance continues to hold bulls back | 07 August 2015
07 August 2015, GBP/USD
The level of resistance continues to hold bulls back
Bulls did not manage to find a hole in the formed resistance level.
It has been several times when the price hit an invisible barrier and bounced down.
If buyers fail to find good arguments to break this level, there is a good chance for a sharp decline to start.
So you should be extremely careful trading in this instrument.
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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.
