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Decline

Decline | 09 February 2016

09 February 2016, GBP/USD

Decline

The four-hours chart of GBP USD. The pair failed to gain a foothold above the four-hours SuperTrend Line and continued a downward movement. To date, the price rebounded from the support line - SuperTrend Day Line - but it is too early to talk about resumption of growth, as the price is below the four--hours SuperTrend Line. Therefore, the main option is continuation of this downward movement

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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