Rimani 
Condizioni di trading
Strumenti
3/8 Murrey Math Level has acted as support, so the market is consolidating. Previously, the pair couldn't fixate above 4/8 MM Level, which has pushed the price lower. Super Trend Lines formed a 'Bearish Cross' at the beginning of July, which led to the current decline. Also, the Daily ST-Line has acted as resistance a few times, which brings more evidence for the bearish forecast. Additionally, the pair has fixated under 4/8 MM Line, that's why the chance of a further decline remains high.
Meanwhile, the price may be going to test the H4 ST-Line in the coming hours. If we have a pullback from this line a little later on, that could be a green light for bears to try breaking 3/8 MM Level. The main target is 2/8 MM Level, which could act as support. In case of a pullback from this level, we might have a local upward correction, possibly towards the H4 ST-Line. However, if the pair goes through 2/8 MM Level, all eyes will be on 1/8 MM Level as the next target. The subsequent pullback from this level may lead to a larger bullish correction.
The bottom line is that GBP/USD remains bearish and there's been no bullish signs so far. Therefore, as long as the price remains under the H4 Super Trend Line, there'll be an open door for a further decline in the direction of 2/8 or even 1/8 Murrey Math Level.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
