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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
FreshForex Analyst
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