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Back Technical analysis
GBP/USD. Smart Money. The Pound Remains Under Pressure
The GBP/USD pair continues to decline
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The GBP/USD pair continues to decline within a broader bullish trend. The only working pattern that may currently be useful for traders remains the bearish imbalance 16. This pattern could have played out last week, but the bulls were literally 6–7 points short of touching it. As a result, the bearish signal was not formed, and traders had no reason to open short positions, even though the pound has since fallen by 250 points. It should also be remembered that
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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