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Target on the level (8/8) has been reached

Target on the level (8/8) has been reached | 16 June 2015

16 June 2015, GBP/USD

Target on the level (8/8) has been reached

4 hours’ chart of GBPUSD. 4 hours’ chart of 1.5625. Target on the level (8/8) has been reached. It should be noted that it is the strongest level of resistance and it is hard to overcome it from the first try and quite often from this level trends are reversed. So, we are waiting at least a correctional pullback of the price from the point 1.5625 (8/8).

Target on the level (8/8) has been reached
Nikolay Krishtopov
FreshForex Analyst
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