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Bears are still strong

08 July 2016, GBP/USD

Four-hours chart of GBPUSD. Our expectations of an upward corrective pullback did not come true. Buyers even could not break through the fourhours' line of SuperTrend. This is a signal of a continueddownward trend movement. The main plan is a drop with the nearest goal at the main support level (0/8), but given the current picture, it may get lower. Growth is not considered.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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