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The level (4/8) is holding the price

06 October 2015, GBP/USD

The level  (4/8) is holding the price

The four-hours chart of GBPUSD. The pair returned to the main support and resistance level. It is worth to note that meanwhile the pair is held above this level, which is a signal of resumption of growth. We consider SuperTrend Day line as the nearest goal. Therefore, this option will be canceled by breakdown and consolidation of the price below the level of (4/8).

Trade solutions: buy from the level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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