Downtrend continues | 26 January 2016
26 January 2016, GBP/USD
The four-hours chart of GBPUSD. The pair has bounced down from the SuperTrend Day line. Now the price is testing the support line represented by the four-hours Supertrend line, but did not bounced off it. Therefore, the most likely option is that this level will be broken down and the pair will continue to move along a global downtrend with the first target at the level of (0/8).
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.
