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GBP/USD – Smart Money Analysis: The British Pound Lacks Confidence in Its Direction
Last week, the GBP/USD pair declined
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Last week, the GBP/USD pair declined into bullish imbalance 18, received a reaction from this pattern, formed a "Bullish Engulfing" candlestick formation, and then returned to bearish imbalance 19. As of Tuesday, everything points toward the invalidation of the bearish pattern. No reaction followed from imbalance 19, which in itself serves as a signal. Thus, two bullish signals have recently emerged, one of which allowed traders to open new long positions.Undoubtedly, the rise of the British currency over the past
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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