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Growth is expected

Growth is expected | 08 February 2016

08 February 2016, GBP/USD

Growth is expected

Four-hours chart of GBP USD. The pair has bounced down from the strongest level in the system (4.8). However, so far we have not seen consolidation of the price below the four-hours line of SuperTrend, so it is too early to expect that current local upward movement is over. The main option is resumption of growth of the pair from current position. The first target is the level of (4/8).

Trading solutions: buy from current levels with a view on the level of (4/8)

Nikolay Krishtopov
FreshForex Analyst
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