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Feb 13, 2025
XBRUSD, H4
GBPUSD faces a crucial resistance zone at the 1.2510 level.
The price was breached above the Bollinger Band and started to decline, while the MFI oscillator is in the overbought zone, giving a bearish sentiment for the asset.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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