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The price has stuck on the level (4/8)

The price has stuck on the level (4/8) | 16 July 2015

16 July 2015, GBP/USD

The price has stuck on the level (4/8)

4 hours’ chart of  GBPUSD. The pair had been consolidating on the main level of support and resistance  (4/8). This disregard of the strongest level in system is only enabled by a movement of the price within the horizontal channel (3/8 – 5/8). Despite we have no proof of an emerging flat, this very option of its further movement is the most probable by the moment .

Nikolay Krishtopov
FreshForex Analyst
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