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Back Technical analysis
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Back Technical analysis
Forecast for GBP/USD on October 18, 2024
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair turned in favor of the pound on Thursday and started a slight rise towards the 127.2% retracement level at 1.3054. Today, it reached this level. A rebound from this level would favor the dollar and could lead to a continuation of the decline towards the support zone of 1.2931–1.2892. A break above the 1.3054 level could allow for some additional growth towards 1.3151; however, I do not currently see strong reasons for a
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Samir Klishi,
Analytical expert of InstaForex
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