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Waiting for a further decline

26 May 2015, GBP/USD

26 May of 2015, GBP/USD

Waiting for a further decline

4 hours’ chart of GBPUSD. The first target based on an intermediate level of support (2/8) has been almost hit. Though meanwhile there are no signs of reversal either a correctional pullback. Therefore, our main plan is a further decline of the pair. The next target is the main level of resistance and support - 1.5137 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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