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The target on the level (4/8) has been reached

The target on the level (4/8) has been reached | 28 September 2015

28 September 2015, GBP/USD

The target on the level (4/8) has been reached

The four-hours chart of GBPUSD. The target on the main support / resistance level (4/8) has been reached. As we have seen, the price up has already rebounded from the level (4/8) up, which gives grounds for further development of a corrective pullback. The first target here has usually been the of four hours Supertrend line.

solutions: sell from the four hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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