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The pair has forced 4hours SuperTrend Line down

21 October 2015, GBP/USD

The pair has forced 4hours SuperTrend Line down

The four-hours chart of GBP USD. The was not able to break resistance level (6/8) from the second attempt. Having bounced down the pair has forced 4hours SuperTrend Line down, which held the price previously. Therefore, the way is now open to further decline down to the level of (4/8), from which we can expect an upward bounce.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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