Bulls could hold their positions
09 September 2016, GBP/USD
The four-hours chart GBPUSD. Pair correction which began from the main resistance level (8/8), is continuing. But now pair has reached level (6/8) which is critical for buyers. If buyers continue rising they should catch the initiative as fast as possible. Bears could catch the initiative and then the possibility of pair growth could be changed. Now buyers could hold price upper middle – term support level so as a main possibility is possibility with pair growth.
Trading decisions: no
Nikolay KrishtopovAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us