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The situation remains uncertain

13 April 2016, GBP/USD

Four-hours chart of GBPUSD. Bulls do not want to give up their power they showed yesterday. But this situation is not unique. At the level (7/8) sellers have a very strong resistance, and the price quickly bounced down. The price has stop at the reversal level (7/8), which anticipates drop to the level of (4/8). But given the current situation it is too early to talk about this scenario. The situation remains uncertain, and none of the parties can gain a decisive advantage.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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