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Back Technical analysis
GBP/USD. Smart Money. US GDP and Inflation
This week, the GBP/USD pair has
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This week, the GBP/USD pair has risen by nearly 300 points. What prompted traders who had been buying the dollar for two months to suddenly abandon their core strategy? The reasons were compelling—albeit somewhat contradictory. Let's begin with the technical picture. As noted in recent analyses, a rare and significant Three Drives pattern formed, triggering the current upward move. This provided traders with a clear bullish signal, while the broader trend remained firmly intact.Second, for the first time in two
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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Grigory Sokolov
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