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We are waiting for the price decrease

We are waiting for the price decrease | 10 February 2016

10 February 2016, GBP/USD

We are waiting for the price decrease

The four-hours chart of GBPUSD shows that pair has bounced upwards off the support level which is located on daily Supertrend line. Nevertheless the pair couldn’t consolidate above four-hours Supertrend line. That is why future decrease is regarded as the main possible way. Aim is the main support level (0/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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