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The level (2/8) is holding the price

The level (2/8) is holding the price | 14 January 2016

14 January 2016, GBP/USD

The level (2/8) is holding the price

Four-hours chart of GBP USD. The pair continues to consolidate at the level of (2/8). Now I see that the price is not able to push through this level yet, so in the near future we may see a corrective upward pullback. Therfore, this option will be canceled by breakdown of the level (2/8). In this case, we waiting for a further decline with a view on the main level of support (0/8).

Trading solutions: purchase from the level of (2/8)

Nikolay Krishtopov
FreshForex Analyst
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