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The way to the main support level is open

The way to the main support level is open | 19 September 2016

19 September 2016, GBP/USD

GBP/USD: Way to the main support level has opened

The four-hours chart GBPUSD. Price has consolidation upper main support\resistance level 1.3184 (4/8). Pair has broken through this level opened way for the further decrease. As a result of strongest decrease price has broken through level(2/8), and opened way for further decreasing. Next aim is the main support level(0/8). We are expecting price correction to the 1.3062 (2/8)level – the four-hours Supertrend line and beginning of new decrease wave with aim on the main support level(0/8).

Trading decisions:no

Nikolay Krishtopov
FreshForex Analyst
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