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We are expecting further decrease

17 February 2016, GBP/USD

We are expecting further decrease

The four-hours chart GBPUSD. After it bounced from (6/8) level and long consolidation around this level, the pair has forced it through from top to bottom and has fallen deeply. At the moment the price is on (5/8) level which hasn’t any influence on price so decrease is going to continue.

Trading decisions: sell from the four-hours Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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