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We expect breakthrough of the level (0/8)

22 December 2015, GBP/USD

We expect breakthrough of the level (0/8)

The four-hours chart of GBP USD. The pair continues to consolidate at the level of (0/8). Since we had not seen a significant downward rebound, a probability of breakdown of this mark from the top to bottom has increased much. Drop to the level of (-1/8) and subsequent upward rebound of the price from this mark is our main expectation.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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