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The pair is trying to leave oversoldness area

24 December 2015, GBP/USD

The pair is trying to leave oversoldness area

The four-hours chart of GBP USD. Correction is developing from the level (-1/8). The price has already reached the first and a very strong resistance level - (0/8) - which hinders exit of the price from the oversoldness zone, in which it is based now. As long as this mark is not broken, our primary expectation is a resumption of the downward movement.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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