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Downtrend continues

26 January 2016, GBP/USD

Downtrend continues

The four-hours chart of GBPUSD. The pair has bounced down from the SuperTrend Day line. Now the price is testing the support line represented by the four-hours Supertrend line, but did not bounced off it. Therefore, the most likely option is that this level will be broken down and the pair will continue to move along a global downtrend with the first target at the level of (0/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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