The pair is held in the oversoldness area | 11 January 2016
11 January 2016, GBP/USD
The four-hours chart of GBP USD. The chart redrafted Murrey levels which is caused by increased volatility of the instrument. However, the pair is still based in the oversoldness area. It is worth noting that the oversoldness area supports the pair and a further decline is accompanied by numerous upward pullbacks.
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.
