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Back Technical analysis
GBP/USD. February 4th. The Pound Shifts Its Focus to the Bank of England Meeting
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair continued its upward movement on Tuesday after rebounding from the support level of 1.3611–1.3620 toward the corrective level of 161.8% at 1.3755. A rebound of the pair from this level would favor the U.S. dollar and lead to a moderate decline toward the 1.3611–1.3620 level. A consolidation of prices above the 1.3755 level would increase the probability of further growth toward the 1.3845 level. The wave structure remains "bullish." The most recent
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Samir Klishi,
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