Decline | 16 December 2015

16 December 2015, GBP/USD

Decline

The four-hours chart of GBP USD. The pair broke the main support and resistance level (4/8), and the pair continued its downward movement. Locally from current levels we can expect a slight upward pullback and then, from the four-hours Supertrend line we'll expect a further decline of the prices with a view on the main level of support (0/8).

Trading solutions: keep yesterday's sale


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
FreshForex Analyst
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