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GBP/USD: Smart Money Analysis – The British Pound May Continue to Rise
The GBP/USD pair has made another
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The GBP/USD pair has made another reversal in favor of the pound and is preparing to resume its upward movement. Recall that last week, the price reacted to another bullish imbalance (19), after which a new bullish imbalance (20) was formed, and today the pair also reacted to this pattern. Of course, without positive geopolitical developments—which further reduced the attractiveness of the US dollar—we would not have seen such strong growth. Nevertheless, traders had a clear and obvious area of
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Samir Klishi,
Analytical expert of InstaForex
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