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Bulls have the opportunity to maneuver

Bulls have the opportunity to maneuver | 28 March 2016

28 March 2016, GBP/USD

Four-hours chart of GBP USD. The pair continues to consolidate on the four-hours SuperTrend line. Volatility of the instrument has dropped substantially over the past few days. In the coming days, we can see a gradual surge of volatility. Today growth of the pair from the current levels is preferred as long as bulls manage to retain the price on the four-hours SuperTrend line. An upward rebound of the price to the level of (3/8) will be a signal of a possible further movement within the flat (3/8 & ndash; 5/8). Although I do not think that the movement in the flat will be long

Trading solutions: buy from current levels

Nikolay Krishtopov
FreshForex Analyst
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