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Bears control the situation

Bears control the situation | 10 May 2016

10 May 2016, GBP/USD

The Four-hours chart of GBPUSD. Bears fail to force support at (6/8) down, but it's a matter of time. The downward movement remains to be the core plan, since bulls cannot break all significant locals of resistance. The immediate for the next 2-3 days is the level of (5/8). Resumption of the upward movement should be considered only if the price consolidates above the four-hours SuperTrend Line

Trading solutions: keep the sale open on Friday from the four-hours SuperTrend line. Those who are not in the market, can find the entry point from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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