More Bearish pressure may continue for Barclays
Barclays is still trading away from its any meaningful support zone on a 4 hour time frame. The price may continue its downward move before it reaches its first minor support zone which is around the 280 level. The price is piercing the Bollinger band, but this may not have much importance due to a lack of an important level of support. However, it is the RSI which is trading in an oversold zone which could strengthen the case for the bulls and could perhaps give a little support for the price action.
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