Retest of the main resistance level (8/8) | 13 September 2016
13 September 2016, GBP/USD
The four-hours chart GBPUSD. Level 1.3245 (5/8)unexpected became as a strong support level for price, from this level price had strong upwards bounce and as a result could broke through 1.3306 (6/8)level and now is trying to consolidate above this level. This remains bulls’ possibility to continue current rising movement. It is early to speak about medium- term growth because price locates under the main resistance 1.3428 (8/8) level, but restart of this level could be possible.
Trading decisions: buy from 1.3306 (6/8)level with aim on 1.3428 (8/8) level
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.
