Bulls could hold their positions | 09 September 2016
09 September 2016, GBP/USD
The four-hours chart GBPUSD. Pair correction which began from the main resistance level (8/8), is continuing. But now pair has reached level (6/8) which is critical for buyers. If buyers continue rising they should catch the initiative as fast as possible. Bears could catch the initiative and then the possibility of pair growth could be changed. Now buyers could hold price upper middle – term support level so as a main possibility is possibility with pair growth.
Trading decisions: no
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
