Unexpected growth | 19 May 2016
19 May 2016, GBP/USD
Four-hours chart of GBPUSD. After a fairly strong downward rebound of the price from (7/8), its yesterday's surge was quite unexpected. By now, the price had stopped at the resistance area formed by the weekly SuperTrenda line and the level (8/8). However, now bulls are strong enough and should be able to finaliza this area, thus opening a promising new target for growth. The downward movement will resume only after the break and consolidation of the price below the four-hours SuperTrend Line.
Trading solutions: look for buying options 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.
