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GBP/USD:Bearish Channel Holds,Price Recovery Remains Challenging

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Livre sterling / Dollar américain (FX:GBPUSD)  
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FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Technical Indicators Chart Patterns GBPUSD Forex forexsignals trading tradingideas forextrading
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trendanalysis indicator chartpattern gbpusd forex forexsignals trading tradingideas forextrading
The GBP/USD currency pair remains confined within a persisting Bearish channel, characterized by a downward trend. Notably, yesterday, the price experienced a significant rebound upon reaching the 61.8% Fibonacci retracement level. As of today, the price is displaying some efforts to regain its lost value; however, our overall perspective remains inclined towards a bearish outlook for this particular pair.

Idées en relation

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GBP/USD Rebound: Potential Reversal at 1.2560 Resistance
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EUR/USD Rangebound: Rejection at Resistance and Overbought RSI
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