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

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus