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Back Technical analysis
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Back Technical analysis
GBP/USD. March 16th. The Dollar Continues to Ignore the State of the Economy
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair continued the decline process on Friday and by the end of the day was near the support level of 1.3199–1.3214. A rebound of quotes from this zone will work in favor of the European currency and some growth toward the resistance level of 1.3341–1.3352. A consolidation of the pair's rate below the 1.3199–1.3214 level will increase the probability of continued decline toward the levels of 1.3139 and 1.3016. The situation with the
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Samir Klishi,
Analytical expert of InstaForex
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