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Back Technical analysis
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Back Technical analysis
GBP/USD: November 7 – The Pound on the Brink of Another Decline
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair dropped to its previous low on Wednesday but failed to close below it. This leaves a glimmer of hope for the pound's recovery. However, another decline remains likely today, as the meetings of the Bank of England (BoE) and the Federal Reserve (Fed) are expected to significantly influence the market. Market movements during the day will hinge on the outcomes of these meetings. The pound's potential fall cannot be dismissed simply because yesterday's
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