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We expect breakthrough of the level (-2/8)

30 December 2015, GBP/USD

We expect breakthrough of the level (-2/8)

The four-hours chart of GBP USD. The pair continued to move down. However, the target on the level of (-2/8) has not been reached. We are waiting for break of this level, that will redraft Murray levels and after that we can consider options for further movement. Do not forget that in the oversoldness area upward pullbacks are possible and they can be strong enough.

Trading solutions: keep sales up to the level (-2/8).

Nikolay Krishtopov
FreshForex Analyst
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