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The level of resistance continues to hold bulls back

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.

The level of resistance continues to hold back the bulls.

Vasiliy Lukin
FreshForex Analyst
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