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Back Technical analysis
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Back Technical analysis
GBP/USD – June 22nd: Keir Starmer Could Resign This Week
On the hourly chart, GBP/USD declined
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On the hourly chart, GBP/USD declined to the 1.3158–1.3177 support level on Friday, rebounded from it, reversed in favor of the pound, and began moving higher toward the 76.4% Fibonacci retracement level at 1.3277. Therefore, the pound may see some recovery today. Consolidation below the 1.3158–1.3177 zone will increase the likelihood of a further decline toward the 127.2% Fibonacci level at 1.3025. The wave structure turned bearish again following the FOMC meeting. The last completed upward wave broke above
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Samir Klishi,
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