Bulls are not giving up | 21 July 2016
21 July 2016, GBP/USD
Four-hours chart of GBPUSD. Buyers managed to break through resistance (2/8). This is a good signal of continuation of local upward movement. Target is (3.8), which in this case serves as a rather strong resistance. This option would canceled the by failure to hold above (2/8). Sell trades have now completely lost their relevance, at least at current levels, as bears did not manage to hold the price below (2/8).
Trading solutions: no
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
