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Consolidating on the level (4/8)

Consolidating on the level (4/8) | 02 October 2015

02 October 2015, GBP/USD

Consolidating on the level (4/8)

The four-hours chart of GBPUSD. The pair continues to consolidate on the main level of support and resistance (4/8). At the moment, situation is very uncertain, especially if you also take into account the news picture of the day. However, as long as the price is below the four hours Supertrend line, we consider lowering of the pair as the main option. But the probability of correction is almost the same.

Trade solutions: no.

Nikolay Krishtopov
FreshForex Analyst
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