We expect the price at (6/8) | 05 May 2016
05 May 2016, GBP/USD
Four-hours chart of GBPUSD. The pair has reached the level of support almost without pullbacks. This support is represented by the line of Daily SuperTrend. As you can see, buyers managed to hold this level, but the current growth is only a correction against the downward movement of the last two trading days. The medium-term priority is still a decline. Therefore, slightly above the four-hours SuperTrend Line we expect sellers to take the initiative and a new descending wave would start.
Trading solutions: we are looking for sales slightly above the four-hours 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.
