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The pair consolidated below the fourhours SuperTrend Line

The pair consolidated below the fourhours SuperTrend Line | 22 September 2015

22 September 2015, GBP/USD

The pair consolidated below the fourhours SuperTrend Line

The four-hour chart GBPUSD. The pair consolidated below the fourhours SuperTrend Line and that position is rather reliable. From its current position, we can still expect a corrective pullback in the upward direction, but prior expectation is lowering of the price. The first objective here is the level of (6/8).

solutions: close yesterday's sales and sell again in case of retest of the fourhours SuperTrend Line.

Nikolay Krishtopov
FreshForex Analyst
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