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Back Technical analysis
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Back Technical analysis
Forecast for GBP/USD on November 20, 2024
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair rebounded from the support zone of 1.2611–1.2620 on Tuesday and climbed to the level of 1.2709. The subsequent rebound from 1.2709 favored the U.S. dollar, pushing the pair downward toward the 1.2611–1.2620 zone. This indicates a sideways trend, with the British pound moving consistently within it. The wave structure raises no concerns. The last completed upward wave failed to surpass the previous peak, while
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