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There is a potential for further growth

There is a potential for further growth | 29 September 2016

29 September 2016, GBP/USD

There is a potential for further growth

The four-hours chart GBPUSD. The intermediate aim on the resistance level has practically achieved. Now there is precondition for continue upwards moving. This possibility would be confirm if price breaks through level (2/8) and consolidates above it. Next resistance level locates on the daily Supertrend line. This possibility would be canceled if price bounces from the level (2/8) and breaks through local support level which was formed upper (1/8) level.

Trading decisions: hold yesterday deals on buy from the four-hours Supertrend line 1.2979 reset take-profit upper the daily Supertrend line 1.3095.

Nikolay Krishtopov
FreshForex Analyst
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