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Wait for price at (+2/8) level

15 May 2015, GBP/USD

Wait for price at (+2/8) level

4 hours’ chart of GBPUSD. There was no any big changes at the chart for last day. The pair is situated at the overbought area, which is a strong resistance level, and it is difficult for the pair to go upward. Nevertheless, while serious preconditions for a price reversal down there, so as a priority continue to consider the scenario of pair increasing to the (+2/8) mark.

Nikolay Krishtopov
FreshForex Analyst
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