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Back Technical analysis
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Back Technical analysis
GBP/USD. July 23rd. Bears Hesitate to Sell Due to Bank of England
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair remained in the support zone of 1.2892–1.2931 on Monday. Consolidation of quotes below this zone will allow the pound to continue declining towards the next support zone of 1.2788–1.2801. Consolidation above the 1.2892–1.2931 zone will favor the bulls again, and the pound may resume growth toward the corrective level of 127.2% – 1.3054. I do not expect significant movements today due to the lack of an information backdrop. The wave situation changed
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Samir Klishi,
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