The price has reached strong support level | 21 September 2016
21 September 2016, GBP/USD
The four-hours chart GBPUSD. Pair has consolidate under 1.3062 (2/8) level and continue decrease moving to the next even level 1.2939 (0/8). As we can see this level has practically reached. We can market that it is strong support level and price rare breaks through this level from the first try. From the current positions we can expect correction upwards pullback. The aim is intermediate resistance level 1.3062 (2/8), from this level we are waiting for beginning of new decrease wave.
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.
