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Bulls do not want to give up

Bulls do not want to give up | 25 March 2016

25 March 2016, GBP/USD

Four-hours chart of GBP USD. The pair was not able to get to (3/8), the price bounced up. It is too early to talk about reversal and resumption of the upward movement. Growth of pair will be enabled only when the price consolidates above the Day SuperTrend Line. Bulls may drag the price up to this level well, but it is a big question whether they manage to break through this level. It is also worth noting that the price may spend some time within the flat (3/8 - 5/8), because there are signals telling about that

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Nikolay Krishtopov
FreshForex Analyst
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