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We are waiting for the price on the level (0/8)

19 January 2016, GBP/USD

We are waiting for the price on the level (0/8)

The four-hours chart of GBP USD. The pair still continues a slow decline. Level (1/8) has been reached, so the option reversal at this mark is not expected. The basic scenario remains the same. We expect drop of the price to the main support level (0/8). This option will cancelled be in case of consolidation of the price above the four-hours SuperTrend Line.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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