Bears control the situation | 10 May 2016
10 May 2016, GBP/USD
The Four-hours chart of GBPUSD. Bears fail to force support at (6/8) down, but it's a matter of time. The downward movement remains to be the core plan, since bulls cannot break all significant locals of resistance. The immediate for the next 2-3 days is the level of (5/8). Resumption of the upward movement should be considered only if the price consolidates above the four-hours SuperTrend Line
Trading solutions: keep the sale open on Friday from the four-hours SuperTrend line. Those who are not in the market, can find the entry point from 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.
