Downtrend continues | 26 January 2016

26 January 2016, GBP/USD

Downtrend continues

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

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .