Buyers should open the ball | 05 April 2016

05 April 2016, GBP/USD

Four-hours chart of GBPUSD. Bulls showed their strength, which we expected from them yesterday. They can easily approach not only to the level (6/8), but break it upwards. Now the pair is going through correction, but growth of the pair is our major expectation. The main resistance level (8/8) serves as the next target for growth. As for bears, they need at least update the current local Low, which is just above the level (4/8). In this case, we can consider downward movement as a possible scenario

Trading solutions: purchases from the line of Daily Supertrend

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus