Expecting the price on (8/8) level

08 September 2016, GBP/USD

GBP/USD: Expecting price on (8/8) level

The four-hours chart GBPUSD. Price has strong bounce from the main resistance level (8/8). As a result the four- hours Supertrend line was broken through. Nevertheless price located above level (6/8) so potential for further pair growth is remaining. The possibility of pair growth we are considering as the main possibility. The nearest aim is on the main resistance level (8/8). Prospects of further growth would be depend on the fact could price consolidate in the oversold area or not.

Trading decisions:no

Nikolay Krishtopov
FreshForex Analyst
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