Bears still control the situation | 13 May 2016
13 May 2016, GBP/USD
The four-hours chart of GBPUSD. Bulls have succeeded in their new attempt to gain a foothold above resistance formed by the SuperTrend lines. Drop still remains the main direction. The nearest goal is 1.4282 (5/8). This option will be canceled by consolidation of the price above the four-hours SuperTrend Line. That will be a good signal of an upwar reversal of the price.
Trading solutions: try to sell from the the four-hours SuperTrend Line with a short Stop Loss once again
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.
