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Decline

23 December 2015, GBP/USD

Decline

The four-hours chart of GBPUSD. The level (0/8) was broken from the top to bottom, and at the moment the pair has entered the oversoldness area. We do not expect a strong upward pullback, because, as we can see, the four-hours' SuperTrend line restrains the pair. Therefore, the main option to consider is further price decline to the level of (-2/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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