Murrey levels analysis – Sellers are still dominating

GBPUSD – Flat Four-hours chart of GBPUSD. The pair continues to move down. Bulls have made another attempt to gain a foothold at least above the four-hours SuperTrend line and failed. Strength of four-hours SuperTrend line proves continuation of trend movement. Therefore, the main plan is a decline. First, the price is expected to get to the reversal level (1/8), which now still serves as the year’s Low, but in the medium run, the Low can be updated, too. Trading solutions: keep sales, the goal is the same, at the reversal level 1.2817 (1/8)
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.