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Back Technical analysis
GBP/USD – Smart Money Analysis: Can the US Dollar Continue to Strengthen?
The GBP/USD pair has an excellent
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The GBP/USD pair has an excellent opportunity to continue its decline after reacting to Bearish Imbalance 19 following two weeks of trading within it. Undoubtedly, Friday's bearish momentum was fueled by U.S. economic data, which turned out to be unexpectedly strong. I believe few market participants expected such robust Nonfarm Payrolls figures for April and May. However, the U.S. labor market in 2026 is performing considerably better than it did last year, which continues to support the U.S. dollar.Geopolitical developments
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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