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The pair has almost reached (4/8)

02 June 2015, GBP/USD

The pair has almost reached (4/8)

4 hours’ chart of GBPUSD. The pair is still moving down almost without pullbacks. Main level of support and resistance (4/8) performs as the main target for decline. The pair has approached this level rather closely. In the nearest time we are waiting when it will be reached, whereupon we will expect a stronger correctional pullback.

Nikolay Krishtopov
FreshForex Analyst
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