We are expecting further decrease | 17 February 2016

17 February 2016, GBP/USD

We are expecting further decrease

The four-hours chart GBPUSD. After it bounced from (6/8) level and long consolidation around this level, the pair has forced it through from top to bottom and has fallen deeply. At the moment the price is on (5/8) level which hasn’t any influence on price so decrease is going to continue.

Trading decisions: sell from the four-hours Supertrend line


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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