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Bulls are focused on (4/8)

Bulls are focused on (4/8) | 15 July 2016

15 July 2016, GBP/USD

Bulls are focused on (4/8)

Four-hours chart of GBPUSD. The pair continues its local upward movement. Bulls were going to storm (3/8), and apparently they will succeed. This is a fairly significant success of bulls, but talking about reversal is too early. The current upward movement is regarded by us as correction. The next target is the main support and resistance level (4/8). This option will be canceled if bears manage to drag the price below (2/8). However, the probability that this will happen today is very low

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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