Decline will continue | 21 January 2016

21 January 2016, GBP/USD

Decline will continue

The four-hours chart of GBP USD. The pair continues to consolidate on the main level of support (0/8). It has not bounced upwards from this level. The price has failed to break through the four-hours line of Supertrend. Therefore, it is most likely that in the near future this level will be broken to send the pair to a deeper drop.

Trading solutions sales from the four-hours line of Supertrend


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.
Aleksey Panasenko
FreshForex Analyst
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