Buyers couldn’t hold the main support level
12 September 2016, GBP/USD
The four-hours chart GBPUSD. Buyers couldn’t hold price above medium support level (6/8). Loosing of this level is serious hit for bulls’ positions. Locally we could expect correction pair growth from recent levels but medium-term possibility is pair decrease. The nearest resistance level from what new decrease wave could be appeared is (6/8) level. This level has extra strengthen by the four-hours Supertrend line. This possibility would be canceled if bulls could return price on level (6/8) and consolidate there.
Trading decisions: no
Nikolay KrishtopovAnalyst of «FreshForex» company
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