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
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call