Log in

Levels are going to be redrafted

18 February 2016, GBP/USD

Levels are going to be redrafted

The four-hours chart GBPUSD. Volatility decrease on this pair has leaded to redraft Murrey levels. At the moment price is held by (2/8) level. Pair hasn’t broken through this level so we are expecting price bounces upwards. First aim is the four-hours Supertrend line after that price could decrease. Possibility of further growth will become relevant if price breaks upwards through four-hours Supertrend line.

Trading decisions: buy from current levels

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.