One more attack of resistance level! | 19 August 2015
19 August 2015, GBP/USD
After another failing attempt to break through the resistance level, bulls did not retreat far and rushed to attack this line again.
So far we can not say how successful this attempt was, but still buyers have some optimism. < / p>
It is possible that in the future we can expect the same breakthrough, whereupon the pair will move to form the wave 3 of [iii].
Thus, potentially there is a very good impulse wave, so it worths trying to catch it, especially as risks are very small.
Stop Loss can be set at the level of 1.5545.
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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.
