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The pair is being held above the level (0/8)

The pair is being held above the level (0/8) | 30 September 2016

30 September 2016, GBP/USD

GBP/USD: Pair holds upper (0/8) level

The four-hours chart GBPUSD. Pair couldn’t go through resistance area which was made with (2/8) level and daily Supertrend line and has down pullback. Buyers could hold price above the main support level(0/8). We consider possibility with pair growth. The nearest aim is on intermediate resistance level (2/8) if pair consolidates above this level we could say about further growth possibility. This possibility could be canceled in price breaks through and consolidate under bottom support level (0/8).

Trading decisions: hold deals on buy with aim on 1.3062 (2/8)level.

Nikolay Krishtopov
FreshForex Analyst
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