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Back Technical analysis
GBP/USD Smart Money: Do Bulls Have Further Potential?
The GBP/USD pair has gained nearly
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The GBP/USD pair has gained nearly 300 points this week. There is one main reason for this— a sharp drop in demand for the safe-haven U.S. dollar. As soon as real negotiations began between Washington and Tehran, and even a two-week ceasefire was reached, the market quickly started abandoning the dollar. It simply became unnecessary, as over the past month and a half it had been used as a risk-off safe haven. I also mentioned in previous articles that
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Samir Klishi,
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