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The levels had been redrafted

The levels had been redrafted | 04 January 2016

04 January 2016, GBP/USD

The levels had been redrafted

The four-hours chart of GBPUSD. The level (-2/8) was broken and as a result we see that Murrey levels had been redrafted. Currently the pair is between the levels (0/8) and (1/8). From the current position we can expect a minor corrective upward pullback to the four-hours SuperTrend line, after which we migh expect continuation of the downward trend with a view on the level of (0/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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