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Back Technical analysis
GBP/USD – Smart Money Analysis: No Reaction and No Invalidation
GBP/USD declined into Bullish Imbalance 18,
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GBP/USD declined into Bullish Imbalance 18, reacted to this pattern, formed a Bullish Engulfing candlestick pattern, returned to Bearish Imbalance 19, and has since been trading within this pattern without showing any intention of leaving it. No reaction has followed from Imbalance 19, so the technical picture continues to support the bullish advance. However, the pattern has not yet been invalidated either.The pound's rise over the past week and a half was driven by growing market optimism regarding the conclusion
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Samir Klishi,
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