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The pair broke into the overboughtness area again

19 August 2015, GBP/USD

The pair broke into the overboughtness area again

The four-hours' chart of GBPUSD. One more time, the pair broke into the overboughtness area and now it is consolidated its positions. This is a signal that upward movement would to continue with the ultimate target as (+2/8), after crossing it, Murrey levels will be redrafted and new goals can be considered as well as the paths of price movement. This option will be canceled in case of return of the price and its consolidation below (8/8).

Nikolay Krishtopov
FreshForex Analyst
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