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Back Technical analysis
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Back Technical analysis
Forecast for GBP/USD on December 2, 2024
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair attempted twice on Friday to close above the resistance zone of 1.2709 – 1.2734 but failed on both occasions. These two rejections suggest a potential reversal in favor of the US dollar, possibly resuming a decline toward the support zone of 1.2611 – 1.2620 and the retracement level of 1.2570. Consolidation above 1.2709 – 1.2734 would increase the likelihood of further growth, targeting the next resistance zone at 1.2788 – 1.2801.
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Samir Klishi,
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