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Growth to the 46th figure

Growth to the 46th figure | 18 March 2016

18 March 2016, GBP/USD

The four-hours chart of GBPUSD. The flat scenario has failed. Bears were unable to hold attack of bulls at the level of (5/8). The pair surged and now the price is above the level (6/8). Now the way is open for the next target on the main level of resistance (8/8). As for the options implying resumption of the downward price movement, currently there are no prerequisites for this. They will be enabled by consolidation below (6/8), which now, along with the four-hours SuperTrend line, support the pair

Trading solutions: purchase from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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