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Bulls are attacking

Bulls are attacking | 25 August 2016

25 August 2016, GBP/USD

Four-hours chart of GBPUSD. The four-hours SuperTrend Line rendered a fairly strong support to the price by pushing it up. As a resultm we see a breakthrough of the main support and resistance level 1.3184 (4/8) from the bottom to top, opening the way for buyers to further growth. The nearest goal now is (6/8). But in the medium run we may see the price at the main level of resistance (8/8). This option will be canceled by growth in the case of return and consolidation of the price below main support and resistance level 1.3184 (4/8)

Trading solutions: none

Nikolay Krishtopov
FreshForex Analyst
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