Do bulls still have potential? | 12 April 2016
12 April 2016, GBP/USD
The four-hours chart of GBPUSD. As we expected, the pair broke a major support and resistance level (4/8). Bulls easily dragged the price to the next resistance level (6/8). Here we noticed an abrupt rebound of the price from this mark. Bears are going to defend this level and from current positions we may well see a pullback to the level of (4/8). So, new goals for growth will be opened if bulls manage to break through the level (6/8) and get above it. Trading solutions: sales from current levels
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.
