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GBP/USD – Smart Money Analysis: The British Pound Remains Under Pressure
The GBP/USD pair declined into bullish
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The GBP/USD pair declined into bullish imbalance 18 last week, received a reaction from this pattern, formed a Bullish Engulfing candlestick pattern, and then returned to bearish imbalance 19. No reaction followed from imbalance 19, so the technical picture currently supports a bullish continuation. Unfortunately, only the technical picture supports this scenario — not geopolitics or politics.The growth of the British currency over the past week and a half was driven by increased market optimism regarding the conclusion of a
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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