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The pair is approaching resistance area

08 September 2015, GBP/USD

The pair is approaching  resistance area

The four-hours chart of GBPUSD. The pair went into a correction, just in some time before it was supposed to reach the main support and resistance level (4/8). At the moment the price is testing a very strong resistance area formed by the weekly and daily Supertrend lines and level (6/8). After reaching this area, we can expect resumption of the downward movement.

solutions: sell at 1.5381 (6/8)

Nikolay Krishtopov
FreshForex Analyst
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