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Pair has broken throw support level

29 February 2016, GBP/USD

Pair has broken throw support level

The four-hours chart GBPUSD. After small correction pair has broken throw support on (2/8) level opened the way for further decreasing. From current position we can expect local price turn off to the four-hours Supertrend line. We are expecting beginning of new decrease wave with first aim on main support level (0/8).

Trading decisions: sell from the four-hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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