Decline | 23 Diciembre 2015

23 Diciembre 2015, GBP/USD

Decline

The four-hours chart of GBPUSD. The level (0/8) was broken from the top to bottom, and at the moment the pair has entered the oversoldness area. We do not expect a strong upward pullback, because, as we can see, the four-hours' SuperTrend line restrains the pair. Therefore, the main option to consider is further price decline to the level of (-2/8).

Trading solutions: no


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
Analista de la empresa" FreshForex
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