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Correction | 13 June 2016

13 June 2016, GBP/USD

Four-hours chart of GBPUSD. Bears have an absolute advantage. But now the price is proof-testing the main support (0/8), from which bulls may try to win some positions back. The target of a corrective pullback would be the area between the intermediate resistance level (2/8) and the four-hours SuperTrend line. From this field we expect resumption of the downward movement and at least retest of (0/8) and possibly breakdown followed by a resumed downward movement

Trading solutions: Buy from current levels with a view on 1.4282 (2/8)

Nikolay Krishtopov
FreshForex Analyst
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