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Back Technical analysis
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Back Technical analysis
GBP/USD: April 22nd — UK Inflation Meets Expectations
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Tuesday rebounded from the resistance level of 1.3513–1.3539 but failed to continue its decline and returned to that zone. Today, another rebound would again favor the U.S. dollar and some decline toward the support level of 1.3428–1.3437. A consolidation above the 1.3513–1.3539 level would allow for expectations of growth toward the 61.8% Fibonacci retracement level at 1.3596, from which the pair has already rebounded twice.The wave structure remains "bullish." The last completed
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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Grigory Sokolov
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