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Wait for the correction

05 February 2016, GBP/USD

Wait for the correction

4-hourly chart GBPUSD. The pair didn’t manage to break the main support/resistance level (4/8) from the second try. The price bounced down and in the nearest time we can see a strong price pullback with the target in the area of the level (2/8). The additional proof may become the breakthrough of the level of the 4-hourly supertrend from bottom to top. Trading solutions: none

Nikolay Krishtopov
FreshForex Analyst
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