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The price rebounded from the reversal level

The price rebounded from the reversal level | 14 October 2015

14 October 2015, GBP/USD

The price rebounded from the reversal level

The four-hours chart of GBPUSD. Target Level (2/8) has not only reached, but was passed from the top to the bottom. It is worth to note that the price stopped and jumped up from the reversal level (1/8), which implies a return of prices to the main support and resistance level (4/8). Breakdown of the level (1/8) from the top to the bottom will cancel this option.

Trading solutions: purchase in the case of retest of the level (1/8)

Nikolay Krishtopov
FreshForex Analyst
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