GBP/USD. April 25th. Bulls take advantage of weak US statistics

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25.04.2024 11:36 AM




On the hourly chart, the GBP/USD pair rebounded from the corrective level of 50.0% (1.2464) on Wednesday, but the downward process was short-lived. Bears retreated from the market again, and the British pound returned to the level of 1.2464. Holding the pair's rate above this level increases the likelihood of continued growth towards the next level at 1.2517. A new rebound from the level of 1.2464 will once again allow for some decline in the British pound.




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