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We are expecting price on (4/8) level

03 March 2016, GBP/USD

We are expecting price on (4/8) level

The four-hours chart GBPUSD. Aim of nearest resistance level which was the daily Supertrend line has reached but it is early to speak about price turn over. Price hasn’t bounced down from daily Supertrend line so we can expect that price will break through this level and go to next resistance on (4/8) level. This is very strong level from what price could bounce down.

Trading decisions: sell from (4/8) level

Nikolay Krishtopov
Analyst of «FreshForex» company
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