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Bulls have disappointed us

Bulls have disappointed us | 02 June 2016

02 June 2016, GBP/USD

Four-hours chart of GBPUSD. Bears continued to push the pair down. The support level was broken and now the price is testing the next one. This is a quite unpleasant and very disturbing signals to buyers. Drop is the main plan. Bulls need to pull the price to (6/8) to recover their positions.

Trading solutions: yesterday's signal did not work. Now I am looking for Sell entry points on the Day SuperTrend line 1.4500. The goal of drop is 1.4282 (2/8).

Nikolay Krishtopov
FreshForex Analyst
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