Bulls are holding their positions | 22 April 2016
22 April 2016, GBP/USD
Four-hours chart of GBPUSD. At at the second attempt, buyers had tried to cross the main resistance level (8/8). The price had entered an overboughtness area and quickly left it, whereupon it pulled back to (7/8) again. Nevertheless, buyers managed to keep the support area. So far, our main expectation is growth of the pair. Target for growth is the level of (-1/8), from where we expect the price to rollback. This option will be canceled if the price consolidates below the four-hours SuperTrend Line
Trading solutions: buy 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.
