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Murrey levels have been redrafted

13 January 2016, GBP/USD

Murrey levels have been redrafted

The four-hours chart of GBPUSD. The target level (-2/8) has been reached and as a result Murrey levels have been redrafted. At the moment, the price stood at the level of (2/8), but this level is not so strong to be able to hold the pair under strong trending movement. Therefore, in the near future we expected a further decline to the next target on the main level of support (0/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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