Bulls have defended of the level (4/8) | 15 September 2016
15 September 2016, GBP/USD
The four-hours chart GBPUSD. Pair has strong upwards bounce after pseudo breakthrough of the main support/resistance level (4/8). It is a good signal for beginning new rising wave with aim on the main resistance level (8/8). We consider pair growth is the main possibility. The nearest aim locates on the nearest even level (6/8), in the case of breakthrough we are expecting price on level (8/8). This possibility would be canceled if price breakthroughs and consolidates under main support/resistance level (4/8).
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.
