Forexpamm

GBP/USD: We are waiting for the development of a U -turn pattern

Four -hour GBP/USD schedule. The currency pair was able to stay above the turning level (1/8) and is now traded above the line of the four -hour super -trend. This is a signal confirming the development of a reversal pattern, in which we can expect the development of ascending movement in the direction of the main level of support/resistance 1.1719 (4/8). Today we consider this scenario as a priority, and it will be canceled after a decrease in the price below the mark (1/8). Trade decisions: Buy 1.1420 Take Profit 1.1719