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Back Technical analysis
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Back Technical analysis
GBP/USD. August 18th. The Dollar Lacks Support
On the hourly chart, GBP/USD on
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On the hourly chart, GBP/USD on Friday performed a corrective pullback toward the 100.0% retracement level at 1.3586. However, the last trading signal was formed on Thursday — a rebound from the 1.3586 level, and this signal is still valid. Thus, on Monday, further decline toward the 76.4% Fibonacci level at 1.3482 can be expected. A consolidation of the pair above 1.3586 and the resistance zone of 1.3611–1.3620 would support continued growth of the pound toward the next retracement level
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Samir Klishi,
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