Decline will continue

21 January 2016, GBP/USD

Decline will continue

The four-hours chart of GBP USD. The pair continues to consolidate on the main level of support (0/8). It has not bounced upwards from this level. The price has failed to break through the four-hours line of Supertrend. Therefore, it is most likely that in the near future this level will be broken to send the pair to a deeper drop.

Trading solutions sales from the four-hours line of Supertrend

Aleksey Panasenko
FreshForex Analyst
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