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Moving to (4/8)

25 June 2015, GBP/USD

Moving to (4/8)

4 hours’ chart of GBPUSD. Ascending correction even was not able to reach the level (6/8). Now the pair has confidently consolidated below the 4 hours’ supertrend line and descending movement prevails. The nearest target is based on the main level of support and resistance (4/8). This scenario will be cancelled only by consolidation of the pair above 4 hours’ supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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