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The pair reversed at (5/8)

11 December 2015, GBP/USD

The pair reversed at (5/8)

The four-hours chart of GBP USD. The pair was not able to pass the level (5/8), which occurs only when the price moves within a horizontal channel (3/8 - 5/8). But meanwhile this option is considered to be an alternative, because there is no other evidence in favor of this option. Our main expectation is drop of the pair to the level of (2/8).

Trading solutions - no

Nikolay Krishtopov
FreshForex Analyst
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