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Back Technical analysis
GBP/USD – Smart Money Analysis: The Pound Remains Under Pressure
Last week, the GBP/USD pair declined
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Last week, the GBP/USD pair declined into bullish imbalance 18, reacted to this pattern, formed a Bullish Engulfing candlestick formation, returned to bearish imbalance 19, and has since continued trading within this pattern without attempting to leave it. No reaction followed from imbalance 19, which means the technical picture continues to support the bullish advance. The appreciation of the British currency over the past week and a half was driven by growing market optimism regarding the possibility of a framework
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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