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Buyers should open the ball

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
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