manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Buyers are trying to take the lead

11 May 2016, GBP/USD

The four-hours chart of GBPUSD. Bulls managed to hold the price above the intermediate support level (6/8), and now they dragged the price to the first significant local resistance level formed by the Supertrend lines. The probability of breakdown of the level from bottom to top is rather high. Therefore, now the basic version is surge to (7/8) followed by resumption of the downward movement that in medium run.

Trading solutions: close sales before open and look for new entry points on to the level of (7/8).

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .