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Close to the intermediate level of resistance

Close to the intermediate level of resistance | 29 January 2016

29 January 2016, GBP/USD

Close to the intermediate level of resistance

The four-hours chart if GBP USD. The pair made a retest of the Supertrend Day line and the reattempted to cross this line. But it was close enough to the next level of resistance (2/8), from which the price jumped down. As long as this level is not broken upward, our main expectation is resumption of the downward movement targeing the main support level (0/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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