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Back Technical analysis
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Back Technical analysis
GBP/USD – July 6th: The U.S. Dollar Continues to Strengthen
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair rebounded once again from the 76.4% Fibonacci retracement level at 1.3382 on Friday and declined toward the 61.8% Fibonacci level at 1.3335. Today, a rebound from this level would favor the British pound and support renewed growth toward 1.3382 and 1.3457. Consolidation below the 1.3335 level would increase the likelihood of a continued decline toward 1.3298 and 1.3268. The wave structure turned bullish last week. The most recently completed downward wave broke
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Samir Klishi,
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© 2007-2026
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