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Back Technical analysis
GBP/USD. Smart Money. The U.S. economy is getting closer to a recession
The GBP/USD pair reversed after five
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The GBP/USD pair reversed after five attempts to consolidate below the last two bearish swings, but the growth that followed this warning signal turned out to be short-lived. I previously highlighted a bearish imbalance on the chart, which was and still is clearly weak. However, it was precisely this imbalance that sent the pound into another free fall. Most likely, a much more significant role in the new decline of the GBP/USD pair was played by a clearer sell signal
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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