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Pressure on the level of (4/8) is getting stronger

Pressure on the level of (4/8) is getting stronger | 30 September 2015

30 September 2015, GBP/USD

Pressure on the level of (4/8) is getting stronger

The four-hours chart of GBPUSD. The pair continues to squeeze up against the main support and resistance level (4/8), four-hours SuperTrend line is directed downward and continues to decline. There are no signs that the price can reverse up. We are waiting for breakdown of the level (4/8) from the top to the bottom.

Trading solutions: keep sales from the four-hours SuperTrend line.

Nikolay Krishtopov
FreshForex Analyst
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