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Back Technical analysis
GBP/USD – Smart Money Analysis: The Pound Is No Longer Reacting to Geopolitics
The GBP/USD pair has once again
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The GBP/USD pair has once again reversed in favor of the pound and resumed its upward movement, fully in line with the current technical picture. Last week, price reacted to bullish imbalance 20, creating yet another buy signal — the fourth one so far. Naturally, without positive geopolitical developments that reduced the dollar's appeal in traders' eyes, this new rally might not have happened. Nevertheless, traders had a clear and obvious area of interest, as well as a recognizable pattern
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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