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Back Technical analysis
GBP/USD: Smart Money Analysis — Are Bulls Ready to Push Higher?
Last week, the GBP/USD pair gained
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Last week, the GBP/USD pair gained nearly 300 points amid sharply rising expectations of a lasting ceasefire between Iran and the United States. However, those hopes did not materialize, as the negotiations in Islamabad failed. As a result, the new week began with the pair dropping by 80 points. Surprisingly, though, bulls resumed their advance on Monday. What could explain this?There are two reasons. The first is technical. Last week, a new bullish imbalance was formed, and the price effectively
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Samir Klishi,
Analytical expert of InstaForex
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