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Levels have been redrafted

Levels have been redrafted | 09 October 2015

09 October 2015, GBP/USD

Levels have been redrafted

The four-hours chart of GBPUSD. Target level (6/8) has been achieved, but changes in volatility made Murrey levels redrafted and the level (6/8) has turned into (4/8). The price has already rebounded from this level to a significant extent, and as we see, the price has come back to this level, it is a signal for a soon breakdown of this level. Therefore, as the main we consider the option of continuation of growth of the pair.

Trading solutions: purchase from the line four hours-SuperTrend Line.

Nikolay Krishtopov
FreshForex Analyst
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