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Correction

Correction | 25 January 2016

25 January 2016, GBP/USD

Correction

The four-hours chart of GBPUSD. The upward correction movement has reached its first target of the SuperTrend Day line. From this line of resistance the price has bounced downward, however, the pair is kept above the four-hours SuperTrend line, so from current position it is quite possible to expect further growth of the pair with the next stop at an intermediate level of resistance (2/8).

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Nikolay Krishtopov
FreshForex Analyst
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