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Back Technical analysis
GBP/USD. October 16th. Andrew Bailey Confuses Traders
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair traded sideways on Tuesday, but on Wednesday morning, it resumed its decline toward the next support zone of 1.2931–1.2892. There were no technical sell signals, as traders have been ignoring the 1.3054 level for over a week. Today's decline was primarily related to the UK inflation report, and it may continue throughout the day. There are no concerns regarding the wave pattern. The
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