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Pressure remains

20 September 2016, GBP/USD

GBP/USD: Pressure remains on the pair

The four-hours chart GBPUSD. After strong decrease and break through (2/8) level pair tried to come back and to consolidate above this level but pair couldn’t do it. As a main priority we observe possibility with pair decrease. The aim is the next even level (0/8). This possibility would be canceled if pair breaks through and consolidate above (2/8) level. In this situation we would see strong correction pullback in the area of the daily Supertrend line. But medium-term priority is decrease moving.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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