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Correction | 18 December 2015

18 December 2015, GBP/USD

Correction

The four-hours chart of GBP USD. The target level (0/8) has been reached. So far, the pair was unable to break through the level (0/8). After a minor consolidation, it bounced off it upwards, so a corrective upward movement is our main expectation. Target is at the level of (2/8).

Trading solutions: sales should hit the level of (0/8) on their Close. In the case of re-retest you can try to buyfrom the level (0/8) to the level (2/8)

Nikolay Krishtopov
FreshForex Analyst
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