Murrey levels analysis – The pair is again being traded below (4/8)

GBPUSD – Flat Four-hours chart of GBPUSD. The pair was not able to reach (6/8). Bears defended this level and their counter-attack made it clear that they will not lose their positions. At the moment the price is already below the main level of support and resistance. Locally, at (3/8) we expect an upward corrective pullback, to the main ​​support and resistance level (4/8), from where the price is expected to start a new descending wave targeting (2/8). As a possible alternative option, the flat (3/8 – 5/8) can take place Trading solutions: none
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