The level (4/8) is holding the price

27 October 2015, GBP/USD


The four-hours chart of GBPUSD. The pair is consolidating just below the fourhours SuperTrend Line, having previously bounced from the main support and resistance level (4/8). Therefore, drop of the price is considered by us to be the main expectation. The goal is the mark (2/8). Therefore, the option will be canceled in case of breakdown of the level (4/8) from bottom to top.

Trading solutions: sales from the level of (4/8)

Nikolay Krishtopov
FreshForex Analyst
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