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Bulls could hold their positions

09 September 2016, GBP/USD

GBP/USD: bulls could hold their positions

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 Krishtopov
Analyst of «FreshForex» company
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