We expect test of the level (2/8) | 27 January 2016

27 January 2016, GBP/USD

We expect test of the level (2/8)

The four-hours chart of GBP USD. The pair failed to cross the major support level (0/8), and has notably bounced it off. Now the pair is testing resistance - Supertrend Day line, but most likely this level will be broken and the price will at least approach the level of (2/8). Consolidation of the price below the four-hours SuperTrend line will cancel this option.

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.
Nikolay Krishtopov
FreshForex Analyst
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