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Anticipating a deeper decline

26 October 2015, GBP/USD

Anticipating a deeper decline

The four-hours chart of GBP USD. The pair has forced the major support and resistance level (4/8), thus paving the way for its further decline. At the moment, the next target is the level of (2/8). The closest resistance stands is the four-hours' SuperTrend line. If it is tested, we can expect a downward rebound.

Trade solutions: no

Nikolay Krishtopov
FreshForex Analyst
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