A deeper drop | 16 May 2016
16 May 2016, GBP/USD
Four-hour chart of GBPUSD. Bears managed to push the support level (6/8), thereby discovering new targets for a drop. The nearest is (5/8), whereas the medium-term goal is the main support and resistance level (4/8). Resumption of growth is no longer a relevant option.
Trading solutions: lookfor sale pptions from the four-hours SuperTrend line. Those keeping sale trades can continue to hold their positions
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.
