The level (0/8) has held the price

22 September 2016, GBP/USD

GBP/USD: level (0/8) has hold price

The four-hours chart GBPUSD. Pair has turned upwards on the main support level (0/8). It is early to speak about medium-term price turn back because pair goes to strong resistance level (2/8). We could expect upwards moving only after breakthrough and consolidation upper this level. Now as a main we consider possibility with price consolidation around medium-term resistance level (2/8) and further price down turn over on this level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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