Expecting the price on the level (8/8)
17 September 2015, GBP/USD
The four-hours chart of GBPUSD. After a false breakdown of the support formed by daily and weekly SuperTrend line and level (6/8), the price back above the level, and continued its upward movement. Currently the pair is at the pivot level (7/8), but we can expect the reversal scenario and decline to the level (4/8) only if the price consolidates below the fourhours Supertrend Line. And now the main expectation is continuation of growth of the pair to the next target level (8/8).
Business solutions: Buy from the fourhours Supertrend Line
Nikolay KrishtopovAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us