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18.09.2023 05:46 AM
GBPUSD Day | Bearish Continuation Expected?

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The GBP/USD chart displays a dominant bearish trend, emphasized by its position below the bearish Ichimoku cloud and a descending trend line. Key supports stand at 1.2293, backed by the 78.60% Fibonacci Projection, and 1.2182, aligned with the 100% Fibonacci Projection. Resistances are identified at 1.2418 and 1.2632, with the latter being an overlap resistance. The overall outlook remains bearish.

Dean Leo,
Analytical expert of InstaTrade
© 2007-2025

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