Bulls have defended of the level (4/8)

15 September 2016, GBP/USD

GBP/USD: : bulls have defended level (4/8)

The four-hours chart GBPUSD. Pair has strong upwards bounce after pseudo breakthrough of the main support/resistance level (4/8). It is a good signal for beginning new rising wave with aim on the main resistance level (8/8). We consider pair growth is the main possibility. The nearest aim locates on the nearest even level (6/8), in the case of breakthrough we are expecting price on level (8/8). This possibility would be canceled if price breakthroughs and consolidates under main support/resistance level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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