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Back Technical analysis
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Back Technical analysis
GBP/USD Analysis and Forecast – May 22: Geopolitical Pressure Persists
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Thursday rebounded from the resistance level of 1.3454–1.3466, but then returned to this zone. Thus, the downward movement may resume toward the corrective levels of 1.3408 and 1.3349. Consolidation above the 1.3454–1.3466 level would favor the British pound and the resumption of growth toward the resistance level of 1.3526–1.3539. The wave structure shifted to a bearish outlook last week. The latest completed downward wave broke below the previous low, while the
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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