Bulls fail to achieve an apparent success | 12 مايو 2016
12 مايو 2016, GBP/USD
Four-hours chart of GBPUSD. Bulls managed to hold the price above the intermediate support level (6/8), but, as we see, so far they fail to cross the nearest resistance on the Supertrend lines. That suggests weakness of buyers at the moment. So, drop remains to be the main expectation. The nearest goal lies at the intermediate level of support (6/8). The medium-term goal is the main support and resistance level (4/8)
Trading solutions: sell from the four-hours SuperTrend line with Stop Loss being put behind the yesterday's High
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.
