Log in

Bulls are holding their positions

22 April 2016, GBP/USD

Bulls are holding their positions

Four-hours chart of GBPUSD. At at the second attempt, buyers had tried to cross the main resistance level (8/8). The price had entered an overboughtness area and quickly left it, whereupon it pulled back to (7/8) again. Nevertheless, buyers managed to keep the support area. So far, our main expectation is growth of the pair. Target for growth is the level of (-1/8), from where we expect the price to rollback. This option will be canceled if the price consolidates below the four-hours SuperTrend Line

Trading solutions: buy from the four-hours SuperTrend Line

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.