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Going to retest (4/8)

23 August 2016, GBP/USD

Four-hours chart of GBPUSD. From the support area defined by the level (2/8) and the Daily SuperTrend line, the pair has resumed the upward movement. Thus the local resistance level (four-hours' SuperTrend line) was broken. So, the way to the main support and resistance level (4/8) is open. We are waiting the price at this level. At the same time, it it too early to talk about further growth until the price consolidates above (4/8). The main option is a downward bounce.

Trading solutions: none

Nikolay Krishtopov
FreshForex Analyst
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