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Back Technical analysis
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Back Technical analysis
GBP/USD – April 23rd: It Could Have Been Worse
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Wednesday once again rebounded from the resistance level of 1.3513–1.3539, while the bears again failed to push the pair downward. The probability of a decline toward the support level of 1.3428–1.3437 remains. A consolidation of quotes above the 1.3513–1.3539 level would allow for a return of the pound to the 61.8% retracement level at 1.3596. The wave situation remains "bullish." The last completed upward wave broke the previous peak, while the
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Samir Klishi,
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