Wait for a (4/8) level retest | 12 August 2015
12 August 2015, GBP/USD
Wait for a (4/8) level retest
The GBPUSD four-hour chart. The pair approximately reached its target at the main (4/8) level of resistance/support and rebounded from it. At this situation, this pair is likely to continue its growing with retest of (4/8) level. Then a strong rollback is expected to appear with nearest target at (2/8) level. If tis pair settles above (4/8), there will be another scenario.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
