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Bulls had run a brilliant counterattack

Bulls had run a brilliant counterattack | 25 May 2016

25 May 2016, GBP/USD

The four-hours chart of GBPUSD. Bulls had not just to managed to hold the price above the support on the daily SuperTrend line, but also run a brilliant counterattack and the price is proof-testing the main resistance level (8/8) now again. At the same time, from the current position, there is a great probability of breakdown of the level of the from bottom to top. The nearest goal here is (+ 1/8). Sales are not considered as long as the price is above the four-hours SuperTrend Line.

Trading solutions: close sales at break-even from the SuperTrend weekly line (1.4611). We shall enter into Long positions from current levels targeting 1.4709 (+ 1/8)

Nikolay Krishtopov
FreshForex Analyst
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