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GBP/USD Smart Money Analysis: Bearish momentum fades, and geopolitics won't help the dollar
The GBP/USD pair has already gained
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The GBP/USD pair has already gained 400 points amid sharply increased chances of achieving a lasting ceasefire between Iran and the United States. Although negotiations in Islamabad failed, the market expects a new round and is clearly encouraged by falling oil prices, as well as the absence of new missile strikes in the Middle East. I would highlight two reasons for the pound's growth. The first is technical. Last week, a new bullish imbalance was formed, and the price effectively
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Samir Klishi,
Analytical expert of InstaForex
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