The level (2/8) is holding the price | 14 January 2016

14 January 2016, GBP/USD

The level (2/8) is holding the price

Four-hours chart of GBP USD. The pair continues to consolidate at the level of (2/8). Now I see that the price is not able to push through this level yet, so in the near future we may see a corrective upward pullback. Therfore, this option will be canceled by breakdown of the level (2/8). In this case, we waiting for a further decline with a view on the main level of support (0/8).

Trading solutions: purchase from the level of (2/8)


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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