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Waiting when the price will reach the level (4/8)

13 July 2015, GBP/USD

Waiting when the price will reach the level (4/8)

4 hours’ chart of  GBPUSD. Correctional pullback has reached its nearest target based on the day Supertrend line. So far, we have not seen a strong bounce of the price back. The pair is consolidating in a very narrow range, thereby increasing chances for breaking this resistance level. In the last event, we shall expect the price on the main level of support and resistance  (4/8).

Nikolay Krishtopov
FreshForex Analyst
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