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Retest of the main resistance level (8/8)

13 September 2016, GBP/USD

GBP/USD: we are waiting for restart
the main resistance level (8/8)

The four-hours chart GBPUSD. Level 1.3245 (5/8)unexpected became as a strong support level for price, from this level price had strong upwards bounce and as a result could broke through 1.3306 (6/8)level and now is trying to consolidate above this level. This remains bulls’ possibility to continue current rising movement. It is early to speak about medium- term growth because price locates under the main resistance 1.3428 (8/8) level, but restart of this level could be possible.

Trading decisions: buy from 1.3306 (6/8)level with aim on 1.3428 (8/8) level

Nikolay Krishtopov
FreshForex Analyst
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