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Buyers's success is very modest

Buyers's success is very modest | 30 June 2016

30 June 2016, GBP/USD

Buyers's success is very modest

Four-hours chart of GBPUSD. Bulls still managed to push through the next resistance level repersented by the four-hours line of SuperTrend. This opens a way to further corrective growth, but still this option is an alternative. Given the current strong downtrend, and quite modest progress of buyers, the downward movement is the main plan. The nearest goal lies almost a local Lowv (2/8)

Trading solutions:v no

Nikolay Krishtopov
FreshForex Analyst
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