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Back Technical analysis
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Back Technical analysis
GBP/USD, April 21st: Oil at $130 per barrel
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Monday returned to the resistance level of 1.3513–1.3539. A rebound from this zone on Tuesday will favor the US dollar and a resumption of the decline toward the support level of 1.3428–1.3437. A consolidation above the 1.3513–1.3539 level will allow traders to expect a move back to the resistance level of 1.3596–1.3620. The wave situation remains "bullish." The latest upward wave broke the previous peak, while the last completed downward wave
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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