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Back Technical analysis
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Back Technical analysis
GBP/USD. November 26: The Pound's Chance to Return to 1.2611
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair fell close to the 1.2488 level on Tuesday but has since begun recovering toward the resistance zone of 1.2611–1.2620. A new rebound from this zone would support the US dollar and lead to a decline toward the 1.2488 level. However, if the pair consolidates above the 1.2611–1.2620 zone, further growth toward the 1.2709–1.2734 zone is likely. The wave structure is straightforward. The most recent upward wave failed to break the
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