The pair have settled in overbought area | 13 May 2015
13 May 2015, GBP/USD
The pair have settled in overbought area
.png "The pair have settled in overbought area")
4 hours’ chart of GBPUSD. There is a strong upward movement here, even the main resistance level(8/8) was not able to stop it. This pair has been passed bottom to top this level with first attempt and consolidate in overbought area. That's why way for next growthing is open now. Its target is (+2/8) mark. The support will be (8/8) mark, because it is with 4 hours’ line of SuperTrend.
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.
