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The resistance level has sustained

18 May 2016, GBP/USD

The resistance level has sustained

Four-hour chart of GBPUSD. Bulls were not able to show a serious action. In the previous review we noted that the pullback to the resistance highlights a scenario with decline again. The first target of drop is the level of (5/8). As long as bulls fail gain a foothold above the current resistance area, growth option is not relevant

Trading solutions: looking sale from the Day SuperTrenda line.

Nikolay Krishtopov
FreshForex Analyst
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