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GBP/USD - for those who like it hot

07 June 2016, GBP/USD

GBP/USD - for those who like it hot

Four-hourly chart GBPUSD: The roller coaster continues. In such circumstances, making a prediction, even in a short term, is not a good thing. However, we have nothing else to do. At the moment, bulls tried to break through the defensive redoubts of bears, but they met a very strong resistance level (8/8). However, the demonstration of buyers’ power, in my opinion, was a success. The nerves are battered by opponents, they kept their positions, so pretty soon we can see the price at the level (8/8) again. Bears also still only defend, attack actions by them are not seen.

Nikolay Krishtopov
FreshForex Analyst
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