The pair can be seen within a rising wedge and seems to be within the resistance zone of a key level. A break above this level could indicate a further buy whereas a rejection could be the initiation of a downtrend. We'd need to monitor the pair closely for accurate predictions.

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Beyond Technical AnalysisChart PatternsDXYGBPGBPUSDjjforexacademyoutlookRising WedgeTrend AnalysisUSDWedge

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