Close to the intermediate level of resistance | 29 Januari 2016

29 Januari 2016, GBP/USD

Close to the intermediate level of resistance

The four-hours chart if GBP USD. The pair made a retest of the Supertrend Day line and the reattempted to cross this line. But it was close enough to the next level of resistance (2/8), from which the price jumped down. As long as this level is not broken upward, our main expectation is resumption of the downward movement targeing the main support level (0/8).

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
Analis perusahaan "FreshForex"
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