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Reversed at (7/8)

Reversed at (7/8) | 26 August 2015

26 August 2015, GBP/USD

pair turned-level (7/8)

The four-hour's chart of GBPUSD.Levels have been redrafted. At the moment, we see a reversal and a sufficiently strong price bounce from the level 1.1597 (7/8), it is a good signal for us for a decline. So, we are waiting when the price will finalize reversal pattern with a view on the main level of support and resistance (4/8). Sell ​​upon a rollback to level of 1.5747 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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