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Levels redrafted

19 June 2015, GBP/USD

Levels redrafted

4 hours’ chart of GBPUSD. The target on the level (+2/8) has been reached and as a result, we see that Murrey levels are redrafted. At present moment, we see an attempt of the pait to consolidate above the level (6/8). Realization of this attempt will open a way for a further growth of the pair with the target based on the main level of resistance (8/8). Situation is ambigious now cause we don't see an evident consolidation of price above (6/8), but there are also no signs of reversal of the price. The price is confidently held above 4 hours' Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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