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We expect test of the level (2/8)

27 January 2016, GBP/USD

We expect test of the level (2/8)

The four-hours chart of GBP USD. The pair failed to cross the major support level (0/8), and has notably bounced it off. Now the pair is testing resistance - Supertrend Day line, but most likely this level will be broken and the price will at least approach the level of (2/8). Consolidation of the price below the four-hours SuperTrend line will cancel this option.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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