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Back Technical analysis
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Back Technical analysis
GBP/USD – June 15th: Market Participants Remain Cautious About the Deal
On the hourly chart, GBP/USD traded
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On the hourly chart, GBP/USD traded around the 50.0% Fibonacci retracement level of 1.3408 on Friday without a clear direction. On Monday, the pair advanced toward the resistance level of 1.3454–1.3466, which has repeatedly halted bullish attempts to move higher. Thus, we have already seen the initial reaction to reports of an agreement being reached between Iran and the United States, but further movement will once again depend on concrete facts rather than statements. At the moment, no agreement has
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Samir Klishi,
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