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We are expecting decrease

We are expecting decrease | 12 February 2016

12 February 2016, GBP/USD

We are expecting decrease

The four-hours chart GBPUSD. The pair is testing level (2/8) on strength again. The price has bounced upwards off this level but it could not consolidate above the four-hours Supertrend line. As a main possibility, we are expecting pair decrease to the main support level (0/8). This possibility could be canceled if the pair can consolidate above four-hours Supertrend line.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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