The resistance level has sustained | 18 May 2016

18 May 2016, GBP/USD

The resistance level has sustained

Four-hour chart of GBPUSD. Bulls were not able to show a serious action. In the previous review we noted that the pullback to the resistance highlights a scenario with decline again. The first target of drop is the level of (5/8). As long as bulls fail gain a foothold above the current resistance area, growth option is not relevant

Trading solutions: looking sale from the Day SuperTrenda 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.
Nikolay Krishtopov
Analista de la empresa" FreshForex
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