Levels have been redrafted

28 April 2015, GBP/USD

Levels have been redrafted 4 hours’ chart of GBPUSD. The level (+2/8) has been reached from bottom to top and as a result, we see that Murrey levels have been redrafted. At present moment, the price is based at the point (5/8) which does not impact the price unless it is not based within the channel (3/8 – 5/8). Nevertheless, a slight correctional pullback to the line of 4 hours’ Supertrend can be expected from current levels. Once this support line is reached, we will look for renewal of growth.

Nikolay Krishtopov
FreshForex Analyst
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