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The pair is held in the oversoldness area

12 January 2016, GBP/USD

The pair is held in the oversoldness area

The four-hours chart of GBP USD. The pair continues to slide down. Now the price is in the oversoldness zone, which supports by its entire area. Therefore, drop is accompanied by numerous local upward pullbacks. The final goal of the price movement at the moment is the level (-2/8). If the price reaches it, Murrey levels will be redrafted .

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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