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Stopped at the level of (6/8)

Stopped at the level of (6/8) | 16 October 2015

16 October 2015, GBP/USD

Stopped at the level of (6/8)

The four-hours chart of GBP USD. The price had jumped down from the level (6/8). As you can see, the fourhours SuperTrend line continues to support the pair that indicates the possibility of continuation of the upward movement. Therefore, the main option for today is retest of the fourhours SuperTrend line and rising to the level of (6/8) with a high probability of breaking it.

Trading solutions: the purchase from fourhours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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