Technical analysis
GBP/USD – Smart Money Analysis: The Pound May Resume Its Upward Trend Today
The GBP/USD pair posted strong gains
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04.08.2026 06:21 PM
The GBP/USD pair posted strong gains last week, fully in line with the prevailing news backdrop. It can therefore be argued that the bulls launched a new advance at the end of June, followed by a typical corrective pullback, and are now attempting to resume the upward move.Bearish Imbalance 24 was invalidated without triggering any meaningful price reaction. As a result, it can now be regarded as an inversion imbalance. The market reacted to this pattern from above as early
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