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Back Technical analysis
GBP/USD: Smart Money – Pound Surges on Middle East "Peace" Headlines
The GBP/USD pair showed a rise
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The GBP/USD pair showed a rise of nearly 300 points on Monday, Tuesday, and Wednesday. Did traders who had been buying the dollar for two months suddenly have reasons to abandon their main strategy? Yes—very solid and at the same time contradictory ones. Let's start with technical analysis. As I mentioned in recent articles, an important and relatively rare "Three Drives Pattern" was formed, after which the upward movement began. Thus, traders received a bullish signal, while the trend had
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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