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Back Technical analysis
GBP/USD Forecast for September 18, 2025
GBP/USDThe British pound reached its target
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GBP/USDThe British pound reached its target — the upper boundary of the global descending price channel — and even pierced it with its upper shadow (weekly chart). Now the price may well retreat from such strong resistance.If the outcome of today's Bank of England meeting aligns with this expected pullback, a medium-term decline could develop. Here, the key level to watch is the MACD line around 1.3395.On the daily chart, the price reversed downward at the 8th Fibonacci time line.
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Laurie Bailey,
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© 2007-2025
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