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Bears will storm the key support area

Bears will storm the key support area | 14 April 2016

14 April 2016, GBP/USD

Four-hour charts of GBPUSD. Bears had run a successful counterattack and forced down support both at the four-hours' Supertrend line and on the main level of support / resistance (4/8). In the current situation the next level of support is (2/8), which is the key one. Drop is expected to this level, and probability of breakdown its will depend on how the price will test this mark. The probability of its breakdown is high enough.

Trading solutions: looking for sales on the four-hours' Supertrend line with the target at the level of (2/8)

Nikolay Krishtopov
FreshForex Analyst
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