Sign of correction

24 September 2015, GBP/USD

There are preconditions for correction

The four-hours chart of GBPUSD. The pair continued to decline. But at the moment there are hints of a possible local corrective upward pullback. Usually, the first goal in such case is the fourhours SuperTrend line. Only in the case of breakdown of the level from the bottom to the top, you can count on a deep pullback to resistance area on the level (6/8).

Trade solutions: sell from the fourhours SuperTrend line.

Nikolay Krishtopov
FreshForex Analyst
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