The pair is trying to leave oversoldness area | 24 December 2015

24 December 2015, GBP/USD

The pair is trying to leave oversoldness area

The four-hours chart of GBP USD. Correction is developing from the level (-1/8). The price has already reached the first and a very strong resistance level - (0/8) - which hinders exit of the price from the oversoldness zone, in which it is based now. As long as this mark is not broken, our primary expectation is a resumption of the downward movement.

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
FreshForex Analyst
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