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Growth

19 April 2016, GBP/USD

Four-hour chart of GBP USD. Yesterday the pair exceeded our expectations as the price had not only reached the target level (6/8), but also passed it from the bottom to the top easily. To date, the price went up to the local High, where most likely it will meet resistance, and we will see a local downward rollback. But in general, now buyers have a lot more attractive and advantageous position, therefore, we consider growth as the basic scenario. The next target will be the main resistance level (8/8)

Trading solutions: The yesterday's medium-term purchase trades can be held. As for the short-term trades, we can settle result at current position and wait for the pullback to the area of ​​the four- hours SuperTrend line to enter Long positions anew.

Nikolay Krishtopov
FreshForex Analyst
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