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Bears still control the situation

Bears still control the situation | 13 May 2016

13 May 2016, GBP/USD

The four-hours chart of GBPUSD. Bulls have succeeded in their new attempt to gain a foothold above resistance formed by the SuperTrend lines. Drop still remains the main direction. The nearest goal is 1.4282 (5/8). This option will be canceled by consolidation of the price above the four-hours SuperTrend Line. That will be a good signal of an upwar reversal of the price.

Trading solutions: try to sell from the the four-hours SuperTrend Line with a short Stop Loss once again

Nikolay Krishtopov
FreshForex Analyst
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