Buyers should open the ball | 05 April 2016
05 April 2016, GBP/USD
Four-hours chart of GBPUSD. Bulls showed their strength, which we expected from them yesterday. They can easily approach not only to the level (6/8), but break it upwards. Now the pair is going through correction, but growth of the pair is our major expectation. The main resistance level (8/8) serves as the next target for growth. As for bears, they need at least update the current local Low, which is just above the level (4/8). In this case, we can consider downward movement as a possible scenario Trading solutions: purchases from the line of Daily Supertrend
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.
