17 May 2016, GBP/USD
Four-hour chart of GBPUSD. The situation is quite unexpected. Yesterday bulls managed to hold the price from a deeper decline, and this morning they have run a brilliant counterattack. Now the price is testing a very strong resistance area, one might even say, a key at the moment. If bulls succeed to cross this area, a further way up will be reopened to them. Growth of the pair to the main resistance level (8/8) is the main option today. The downward movement will be enabled again only by a strong downward rebound.
Trading solutions: close all sales
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us