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Back Technical analysis
GBP/USD. Smart Money. The Pound Has Returned to Its Starting Positions
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 active pattern that may currently be useful for traders remains the bearish imbalance 16. This pattern could have been triggered during yesterday's upward move, but the pound missed it by just 6–7 points. As a result, no sell signal was formed, and traders had no reason to open short positions. It should also be remembered that the bullish trend is still intact. The pair could fall even
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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Grigory Sokolov
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