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Murrey levels are expected to get redrafted

27 June 2016, GBP/USD

The four-hours chart of GBPUSD. The pair still has not reached (-2/8), and so, Murrey levels are expected to get redrafted. Bulls managed to push the price up, but an attempt to lift it above (1/8) has failed. The pair is in the oversoldness zone again and we srill expect drop to (-2/8) and redraft of the levels. But do not forget about important fundamental factors, so anything can happen. Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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