Wait for the correction | 05 February 2016

05 February 2016, GBP/USD

Wait for the correction

4-hourly chart GBPUSD. The pair didn’t manage to break the main support/resistance level (4/8) from the second try. The price bounced down and in the nearest time we can see a strong price pullback with the target in the area of the level (2/8). The additional proof may become the breakthrough of the level of the 4-hourly supertrend from bottom to top. Trading solutions: none


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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