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Back Technical analysis
GBP/USD Analysis and Forecast – June 9th: Trump Once Again Promises a Favorable Deal with Iran
On the hourly chart, GBP/USD rebounded
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On the hourly chart, GBP/USD rebounded from the 1.3349–1.3355 resistance level on Monday, but by Tuesday morning the pair had still closed above it. Therefore, the upward movement may continue toward the next Fibonacci retracement level of 50.0% at 1.3408. A consolidation back below the 1.3349–1.3355 level would allow traders to anticipate a reversal in favor of the U.S. dollar and a resumption of the decline toward the 76.4% Fibonacci level at 1.3277. The wave structure remains bearish, as
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Samir Klishi,
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