The level (0/8) has held the price | 22 September 2016
22 September 2016, GBP/USD
The four-hours chart GBPUSD. Pair has turned upwards on the main support level (0/8). It is early to speak about medium-term price turn back because pair goes to strong resistance level (2/8). We could expect upwards moving only after breakthrough and consolidation upper this level. Now as a main we consider possibility with price consolidation around medium-term resistance level (2/8) and further price down turn over on this level.
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.
