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Expecting the price on the level (+2/8)

Expecting the price on the level (+2/8) | 26 May 2016

26 May 2016, GBP/USD

Four-hour chart of GBPUSD. Yesterday bulls worked well. Without any hindrances, the pair had entered the overboughtness area and gained a foothold there. At the moment, there are no signs of the downward reversal. Therefore, growth of the pair is the main plan. Drop can be considered only after consolidation below the four-hours SuperTrend Line.

Trading solutions: theoretically, it is possible to hold yesterday's Buy trades, there is an outlook for growth, but I would better close all positions.

Nikolay Krishtopov
FreshForex Analyst
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