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Back Technical analysis
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Back Technical analysis
GBP/USD. Smart Money. The market is experiencing increased volatility
Yesterday, the GBP/USD pair reacted to
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Yesterday, the GBP/USD pair reacted to the bearish imbalance 17 (which allowed traders to reopen short positions), but the bearish move was short-lived. UK news—which in recent months has provided little support to the pound when it was actually needed—ended up offering some support. As a result, we saw a sharp rise in the pound, which invalidated imbalance 17, followed the next day by an equally strong decline and a second reaction to a smaller, unnamed imbalance. This week's price
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Samir Klishi,
Analytical expert of InstaForex
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