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Back Technical analysis
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Back Technical analysis
GBP/USD. Smart Money. The British Pound Lost Momentum
The GBP/USD pair reversed in favor
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The GBP/USD pair reversed in favor of the pound, but the rally faded very quickly. Traders continue to build long positions in the European currency, but seem to have forgotten about the British pound. The current situation is ambiguous. In my view, the pound should continue its upward move; however, there are no technical reference points at the moment, and the bullish impulse faded before it really began. Still, this is not the biggest problem for traders. Let me
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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Grigory Sokolov
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