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Decline is coming to replace a slight correction

Decline is coming to replace a slight correction | 01 June 2015

01 June 2015, GBP/USD

Decline is coming to replace a slight correction

Decline is coming to replace a slight correction

4 hours’ chart of GBPUSD. No significant changes took palce on the chart. The pair is consolidating in a very narrow range. We may expect a correctional pullback to the nearest resistance level now represented by 4 hours’ Super trend line. Once it is reached, we expect renewal of downward movement.

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