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Expecting the price at (0/8)

23 September 2016, GBP/USD

GBP/USD: Expecting price on level (0/8)

The four-hours chart GBPUSD. As we expected pair tried to go through intermediate resistance level (2/8), but this effort wasn’t succeed. The main possibility is the script with price decrease and retests the main support level 1.2939 (0/8). This possibility would be canceled if price breaks through and consolidate above intermediate resistance level (2/8). Only in this case we can consider on the strong price upwards pullback in the area of the main support/resistance level (4/8).

Trading decisions:no

Nikolay Krishtopov
FreshForex Analyst
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