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We still wait the price on the level (4/8)

08 June 2015, GBP/USD

We still wait the price on the level (4/8)

4 hours’ chart of GBPUSD. Having bounced from the level (6/8), the pair has renewed downward movement but even with the second attempt the price was not able to reach target the main level of support and resistance (4/8). Nevertheless, a short local upward correction will be followed by a new decline with the same target as it was - 1.5137 (4/8). Ascending movement will be enabled only by consolidation of the price above 1.5381 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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