A deeper drop | 07 April 2016
07 April 2016, GBP/USD
The four-hours chart of GBP USD. The pair reached the target level (2/8) and quickly bounced off it. At the same time, it has reached the next and very important level for correction (4/8). At the moment, it is the key level for sellers and if they can hold it, we can see the price at the level of (0/8) in the medium run. The nearest goal is the level of (2/8). To resume the upward movement, buyers need to be consolidate above the level (4/8), only in this case we can seriously consider growth of the pair. Trading solutions: sales 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.
