Indicator Analysis of GBP/USD on March 7, 2024

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07.03.2024 09:18 AM

Trend analysis (Fig. 1).The GBP/USD currency pair may move downward from the level of 1.2728 (closing of yesterday's daily candle) to 1.2725, the 14.6% pullback level (yellow dotted line). Upon reaching this level, an upward movement is possible to the upper fractal at 1.2771 (blue dotted line). Fig. 1 (daily chart).Comprehensive analysis:Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may

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