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The price failed to force support down

10 July 2015, GBP/USD

The price failed to force support down

4 hours’ chart of GBPUSD. The pair has completed a retest of the weekly Supertrend line, but was not able to pass this level. Therefore, the main scenario considered by us is still an upward correctional pullback of the price. Target is represented by the day Supertrend line. An additional proof will be a breakthrough of the 4 hours’ Supertrend line made from the bottom to the top.

Nikolay Krishtopov
FreshForex Analyst
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