Decline | 09 February 2016

09 February 2016, GBP/USD

Decline

The four-hours chart of GBP USD. The pair failed to gain a foothold above the four-hours SuperTrend Line and continued a downward movement. To date, the price rebounded from the support line - SuperTrend Day Line - but it is too early to talk about resumption of growth, as the price is below the four--hours SuperTrend Line. Therefore, the main option is continuation of this downward movement

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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