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We are expecting decrease

22 February 2016, GBP/USD

We are expecting decrease

The four-hours chart GBPUSD. After achieving main support/ resistance level pair has opened with down gap. Now price is under (2/8) level and it is way for further pair decrease. It is aimed on the main resistance level (0/8). This possibility will be canceled if pair consolidates above (2/8) level.

Trading decisions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
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