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8/8 target level is almost reached

12 May 2015, GBP/USD

8/8 target level is almost reached

8/8 target level is almost reached

H4 GBPUSD. 8/8 target is almost reached. This is the strong resistance level. It is quite difficult to overcome it with first attempt. Therefore, a rollback towards an intermediate level of support (6/8) is expected as the main option. Further growth can be expected only after the breakdown and fixing prices above this level (8/8).

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