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GBP/USD Smart Money Analysis: The "Bullish" Pause May Be Short-Lived
The GBP/USD pair has already gained
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The GBP/USD pair has already gained about 400 points amid a sharp increase in the likelihood of a sustainable ceasefire between Iran and the United States. Although negotiations in Islamabad failed, the market is expecting a new round and is clearly encouraged by falling oil prices and the absence of new missile strikes in the Middle East. I would highlight two reasons for the pound's rise. The first is technical: last week, a bullish imbalance (No. 18) was formed, and
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Samir Klishi,
Analytical expert of InstaForex
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