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The pair consolidates its position in the overboughness area

21 August 2015, GBP/USD

The pair consolidates its position in the overboughness area

The four-hours' chart of GBPUSD. The pair is still in the overboughtness zone. Its attempt to get out of it ended badly. The level (8/8) is holding the pair in its field. Therefore, our priority expectation remains to be growth of the pair. Its the target would be the level (+2/8), after crossing which Murrey levels will get redrafted.

Nikolay Krishtopov
FreshForex Analyst
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