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Ascending trend is not finished yet

06 May 2015, GBP/USD

Ascending trend is not finished yet 4 hours’ chart of GBPUSD. The pair did not manage to get consolidated below the main level of resistance and support (4/8). We have seen a rather good bounce which confirms that downward correction is finished and ascending trend is renewed. The first target for growth is the intermediate level of resistance (6/8).

Nikolay Krishtopov
FreshForex Analyst
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