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Back Technical analysis
GBP/USD – Smart Money Analysis: Traders Await a Breakdown in Negotiations
The GBP/USD pair declined for four
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The GBP/USD pair declined for four consecutive days. As a result of this sharp decline, bears reached Imbalance Zone 18, which represents a bullish pattern. Therefore, bearish pressure may come to an end near this pattern. This week, we saw a convincing reaction from Imbalance 18, including a full 100% fill, a sharp rebound in prices, the formation of a Bullish Engulfing pattern, and a return into Bearish Imbalance 19. However, the bullish momentum essentially faded afterward. Thus, bulls made
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
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