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Back Technical analysis
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Back Technical analysis
GBP/USD. December 5. Stalemate for the British Pound
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair bounced off the resistance zone of 1.3352–1.3362 on Thursday, then reversed in favor of the US dollar, posting a slight decline. Trader activity was very low due to a weak informational backdrop. On Friday morning, the pound is aiming to return to the 1.3352–1.3362 zone. A new bounce from this zone will once again favor the US dollar and lead to a decline towards the 61.8% corrective level at 1.3294. A consolidation above
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Samir Klishi,
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