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Potential for growth

16 September 2016, GBP/USD

GBP/USD: pair has potential for growth

The four-hours chart GBPUSD. Pair has retested the main support/resistance level 1.3184 (4/8) and upwards bounced from it, prove the strength of the level. As the main possibility we observe possibility with pair growth. The nearest aim is located on 1.3306 (6/8) level. If pair breaks through this level it would have opportunity to growth to the main resistance level (8/8). This possibility would be canceled if price breaks through and consolidates under main local support level 1.3184 (4/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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