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Retest of the level (2/8) is expected

Retest of the level (2/8) is expected | 03 December 2015

03 December 2015, GBP/USD

Retest of the level (2/8) is expected

The four-hour chart of GBP USD. We still had not seen the second approach to the level of (4/8). The pair jumped down without reaching 10 points to the level of (4/8). As you can see, the goal at the level of (2/8) has been reached. Now correction is developing. Its goal is the four-hours SuperTrend line, from which we expect a downward bounce and retest of the level of (2/8).

solutions: sale from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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