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Waiting when the price will hit level (4/8)

14 July 2015, GBP/USD

Waiting when the price will hit level (4/8)

4 hours’ chart of  GBPUSD.No significant changes have been noted on the chart. The pair pulled down to the day Supertrend line, but, along with that, it manages to keep above 4 hours’ Supertrend line. So, the price still has chances to continue its correction pull in the upward direction. The main scenario considered by us is growth towards the main level of support and resistance (4/8).

Nikolay Krishtopov
FreshForex Analyst
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