manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.