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Back Technical analysis
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Back Technical analysis
GBP/USD. March 18th. Will the Fed support the bulls?
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair continued its upward movement on Tuesday and secured above the 1.3341–1.3352 level. Thus, the growth may continue toward the next resistance level of 1.3437–1.3465. A consolidation below the 1.3341–1.3352 level would favor the US dollar and a resumption of the decline toward the support level of 1.3199–1.3214. The wave situation has shifted back to "bearish." The last completed upward wave broke the previous peak, but the latest downward wave also broke the
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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