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Back Technical analysis
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Back Technical analysis
GBP/USD: May 1st – The Bank of England Adopted a Moderately Hawkish Stance
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair made a sharp reversal in favor of the British currency on Thursday and rose to the resistance level of 1.3596–1.3620. A rebound from this zone today will favor the US dollar and a resumption of the decline toward the levels of 1.3513–1.3539 and 1.3428–1.3437. A consolidation above the 1.3596–1.3620 level will allow expectations for the continuation of the bullish trend. The wave situation remains bullish. The last completed downward wave did not
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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