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Back Technical analysis
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Back Technical analysis
GBP/USD – June 16th: Prospects for a Long-Term Peace Between Iran and the U.S. Remain Uncertain
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair rose to the 1.3454–1.3466 resistance level on Monday, rebounded from it, and reversed in favor of the U.S. dollar. Early on Tuesday, the pair closed below the 50.0% Fibonacci retracement level at 1.3408, allowing traders to expect a continuation of the decline toward the 1.3349–1.3355 support level. Consolidation above the 1.3408 level would favor the British pound and a resumption of growth toward the 1.3454–1.3466 and 1.3526–1.3539 levels. The wave structure has
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Samir Klishi,
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