Trying to consolidate under (4/8) | 01 October 2015
01 October 2015, GBP/USD
The four-hours chart of GBPUSD. The main support and resistance level (4/8) has been broken, now the pair is trying to gain a foothold under this level. If it succeeds in this task, in the near future we expect this downward movement to continue. Deep correction can only be discussed if the price consolidates above the four-hours SuperTrend Line.
Trade solutions: close earlier opened short positions.
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.
