A new descending wave

08 December 2015, GBP/USD

A new descending wave

The four-hours chart of GBP USD. The target on the four-hours' SuperTrend line has been reached. Moreover, the pair can could easily break through this line. Therefore, the primary expectation is drop of the pair. The first target is the level of (2/8). A more promising goal is the level (0/8).

Trading solutions: sales from the level of (3/8)

Nikolay Krishtopov
FreshForex Analyst
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