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Back Technical analysis
GBP/USD – Smart Money Analysis Analysis: The Pound Remains Vulnerable to Further Decline
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, and then retraced into bearish imbalance 19. Since then, the pair has remained within this pattern, showing little willingness to move beyond its boundaries. No meaningful reaction followed from imbalance 19, meaning that the chart structure continues to support a bullish scenario. At the same time, the pattern has not yet been invalidated.The British pound's appreciation over the past week and a half was
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Samir Klishi,
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