A deeper decline

26 September 2016, GBP/USD

GBP/USD: We are waiting for further decrease

The four-hours chart GBPUSD. Pair hasn’t gone through level and consolidate above intermediate resistance level (2/8) hair has strong decrease pullback and now is testing the main support level (0/8). Now price couldn’t go through this level but there is no strong upwards pullback too. As a priority we consider possibility with pair decrease. Now aim for decrease is (-1/8) level. This possibility would be canceled if price breaks through this level (2/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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