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Back Technical analysis
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Back Technical analysis
Trading Signals for GBP/USD on May 19-21, 2026: sell below 1.3380 (21 SMA - 6/8 Murray)
The British pound is trading around
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The British pound is trading around 1.3395, above the 21-day SMA, and has reached the top of the downtrend channel that has been forming since early May.A H4 chart clearly shows that the British pound has failed to break out of the downtrend channel on several occasions and has been under downward pressure. However, it could be forming a pattern known as a pennant, and a decisive break above 1.34 could trigger a strong upward move, with the British pound
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Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
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Dimitrios Zappas
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