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Wait the price to hit level (0/8)

07 August 2015, GBP/USD

We are waiting for the price level (0/8)

The four-hours' chart of GBPUSD. After a durable consolidation within a horizontal channel (3/8 - 5/8), the pair came out of it and broke the bottom border down. Currently, the pair has stopped at the level of (2/8), but given that it had been within a horizontal channel for a long time, now objective for decline is the main support level (0/8).

Nikolay Krishtopov
FreshForex Analyst
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