The price had stuck on the level of (4/8) | 04 December 2015

04 December 2015, GBP/USD

The price had stuck on the level of (4/8)

The four-hours chart of GBP USD. From the level (2/8) the pair rose to the main support and resistance level (4/8). This is the strongest level in the system, which does not go so easy. Therefore, from the current position we expect correction to the line four-hours' SuperTrend Line whicl will be followed by rebound from the line.

Trading solutions - no


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.
Nikolay Krishtopov
FreshForex Analyst
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