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Wait when prices reaches the level (4/8)

23 April 2015, GBP/USD

Wait when prices reaches the level (4/8) Four hours’ chart of GBPUSD. The pair continued its upward movement. The moment when price bounces from the reversal level (7/8) is the one we focus on. So far we have not got any confirmation that price consolidates below the line of four hours’ Super trend. The option with decline of price to the main level of support and resistance (4/8) can be considered as the main. Only break through of the level (7/8) from bottom to top would cancel this option.

Nikolay Krishtopov
FreshForex Analyst
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