We are expecting price on (8/8) level

06 September 2016, GBP/USD

GBP/USD: We are expecting price on (8/8) level

The four-hours chart GBPUSD. Pair has realized main possibility. We observed testing support level (7/8) and pullback from this level. In spite of the strong down pullback of the price the potential of further pair rising remains because pair has broken through no one local support level. Pair continues locating above them. The main possibility is pair growth. Next aim is level (8/8), but this possibility would be real if pair could break through and consolidate above (7/8) level.

Trading decisions: buy from current levels with aim on 1.3428 (8/8) level.

Nikolay Krishtopov
FreshForex Analyst
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