GBP/USD - for those who like it hot | 07 June 2016
07 June 2016, GBP/USD
Four-hourly chart GBPUSD: The roller coaster continues. In such circumstances, making a prediction, even in a short term, is not a good thing. However, we have nothing else to do. At the moment, bulls tried to break through the defensive redoubts of bears, but they met a very strong resistance level (8/8). However, the demonstration of buyers’ power, in my opinion, was a success. The nerves are battered by opponents, they kept their positions, so pretty soon we can see the price at the level (8/8) again. Bears also still only defend, attack actions by them are not seen.
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.
