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Back Technical analysis
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Back Technical analysis
GBP/USD: November 27th. The Pound Revisits a Key Zone for the Third Time
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair rebounded from the resistance zone of 1.2611–1.2620 on Wednesday and has now returned to this area again. A third rejection from this zone could indicate a potential reversal in favor of the U.S. dollar, possibly leading to a decline toward the 1.2488 level. Conversely, a breakout and consolidation above the 1.2611–1.2620 zone would increase the likelihood of continued growth toward the next resistance area of 1.2709–1.2734. The wave structure is clear. The
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