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Pair has consolidated above (2/8) level

02 March 2016, GBP/USD

Pair has consolidated above (2/8) level

The four-hours chart of GBPUSD. Pair has consolidated above (2/8) level. Two attempts to breake this level lead to a rapid upward bounce of the price. So rising is a main possibility. The goal of this growth will be the daily Supertrend line. This possibility will be canceled if price consolidates under (2/8) level.

Trading decisions: buy from current levels

Nikolay Krishtopov
FreshForex Analyst
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