The pair rebounded from the strong resistance area | 27 أبريل 2016
27 أبريل 2016, GBP/USD
Four-hours chart of GBPUSD. The target level (+2/8) has been reached. We should pay attention to the rebound from the resistance area formed by a rather strong main resistance level (8/8), and the Weekly SuperTrend line. Bears made it clear that they will vigorously defend this area and crossing it on the first try is unlikely for bulls. Decline of the pair remains to be the main plan
Trading solutions: all purchases must be closed at the level of (+2/8). You can try to sell from the Weekly SuperTrend line
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.
