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Back Technical analysis
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Back Technical analysis
GBP/USD. January 30th. Trump's actions in Iran may support the dollar
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.3845 level and fell to the 161.8% corrective level at 1.3755. Then there was another decline to 1.3755 followed by a rebound from this level. Thus, horizontal movement may continue today, while local growth may develop toward the 1.3845 level. A consolidation of quotes below 1.3755 will allow traders to expect a continuation of the decline toward the support level of 1.3611–1.3620. The wave situation remains "bullish."
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Samir Klishi,
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