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Decline

16 December 2015, GBP/USD

Decline

The four-hours chart of GBP USD. The pair broke the main support and resistance level (4/8), and the pair continued its downward movement. Locally from current levels we can expect a slight upward pullback and then, from the four-hours Supertrend line we'll expect a further decline of the prices with a view on the main level of support (0/8).

Trading solutions: keep yesterday's sale

Nikolay Krishtopov
FreshForex Analyst
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