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The level redrawing has happened

14 August 2015, GBP/USD

The level redrawing has happened.

The level redrawing has happened

4 hours’ chart of GBPUSD. The volatility change leaded to the Murrey’s levels redrawing. But our expectations stay the same. At the moment the pair is a bit lower the main resistance level (8/8) and the main scenario is considered by us is decline. The first target is based on the support level (6/8).

Nikolay Krishtopov
Analyst of «FreshForex» company
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