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We are waiting for decrease

We are waiting for decrease | 10 March 2016

10 March 2016, GBP/USD

We are waiting for decrease

The four-hours chart GBPUSD. Pair hasn’t achieved level (4/8) and it is consolidating on the four-hours Supertrend line. Price hasn’t bounced upwards from this support level so possibility of break through in down direction is increasing. In this case price would try to break through (4/8) level. This is will confirm possibility of further pair movement in channel (3/8 – 5/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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