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The price has approached to (6/8)

The price has approached to (6/8) | 15 October 2015

15 October 2015, GBP/USD

The price has approached to (6/8)

The four-hours chart of GBPUSD. Reversal pattern with a view to the main level of support and resistance (4/8) has been worked out. Moreover, the pair continued to rise and has almost approached now to the next mark - the level (6/8). Given that that the price passed this distance with no pullbacks from this level, we are waiting for correction with a view to the line fourhours superTrend Line.

solutions: no

Nikolay Krishtopov
FreshForex Analyst
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