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Still consolidating in a very narrow range

01 July 2015, GBP/USD

Still consolidating in a very narrow range

4 hours’ chart of GBPUSD. No significant changes have been made on the chart for the last 24 hours. The pair is still consolidating in a very narrow range between the level (5/8) and the day Supertrend line. The main scenario considered by us is still decline of the price. Nearest target based on the main level of support and resistance(4/8).

Nikolay Krishtopov
FreshForex Analyst
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