Ascending trend is not finished yet | 06 May 2015

06 May 2015, GBP/USD

Ascending trend is not finished yet 4 hours’ chart of GBPUSD. The pair did not manage to get consolidated below the main level of resistance and support (4/8). We have seen a rather good bounce which confirms that downward correction is finished and ascending trend is renewed. The first target for growth is the intermediate level of resistance (6/8).


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
FreshForex Analyst
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