The pair is held in the oversoldness area

11 January 2016, GBP/USD

The pair is held in the oversoldness area

The four-hours chart of GBP USD. The chart redrafted Murrey levels which is caused by increased volatility of the instrument. However, the pair is still based in the oversoldness area. It is worth noting that the oversoldness area supports the pair and a further decline is accompanied by numerous upward pullbacks.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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