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GBP/USD – Smart Money Analysis: What to Expect from the Bank of England?
The GBP/USD pair continues its gradual
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The GBP/USD pair continues its gradual upward movement and has a strong chance this week of invalidating the bearish imbalance 20 and forming a new bullish imbalance. At present, geopolitical developments are supporting bullish traders. However, it should be noted that the pound's advance remains unconvincing and could ultimately result in the formation of a trading range. In fact, sterling has been trading within a sideways channel between 1.3305 and 1.3505 for several weeks. The upward movement remains weak, the
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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