Expecting the price on the level (+2/8) | 26 May 2016
26 May 2016, GBP/USD
Four-hour chart of GBPUSD. Yesterday bulls worked well. Without any hindrances, the pair had entered the overboughtness area and gained a foothold there. At the moment, there are no signs of the downward reversal. Therefore, growth of the pair is the main plan. Drop can be considered only after consolidation below the four-hours SuperTrend Line.
Trading solutions: theoretically, it is possible to hold yesterday's Buy trades, there is an outlook for growth, but I would better close all 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.
