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Back Technical analysis
GBP/USD. Smart Money. The Economic Outlook for Europe and the UK Has Deteriorated Significantly
The GBP/USD pair continues to decline
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The GBP/USD pair continues to decline within a bullish trend. The only working pattern that may currently be useful for traders is the bearish imbalance 16. This pattern could have been tested last week, but the bulls fell short by just 6–7 points of reaching it. As a result, no bearish signal was formed, and traders had no reason to open short positions. It should also be remembered that the bullish trend remains intact. The pair may fall even to
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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