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Taking into account bullish technical indicators on a short-term time-frame, we assume the pair will succeed. However, later the Pound can be stopped by a resistance, most likely around 1.8650 (weekly R1), as suggested by four-hour technical studies. Moreover, market sentiment is undecided for the time being. Bears take up a very slight majority of all opened positions on the SWFX market, namely 50.35% of them.
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