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Decline

15 April 2016, GBP/USD

Decline

Four-hours chart of GBP USD. The last night no fundamental changes were recorded on the chart. The pair has broken a major support and resistance level (4/8) and now is consolidating below that level. So, decline is most likely option. The level of support will be fiercely protected by bulls and it is a goal of drop. If bulls are going to raise the white flag, we will see the price responding to this level of .

Trading solutions: look for sales on the four-hours SuperTrend line targeting the level of (2/8)

Nikolay Krishtopov
FreshForex Analyst
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