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The price had stuck on the level of (4/8)

04 December 2015, GBP/USD

The price had stuck on the level of (4/8)

The four-hours chart of GBP USD. From the level (2/8) the pair rose to the main support and resistance level (4/8). This is the strongest level in the system, which does not go so easy. Therefore, from the current position we expect correction to the line four-hours' SuperTrend Line whicl will be followed by rebound from the line.

Trading solutions - no

Nikolay Krishtopov
FreshForex Analyst
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