Technical analysis
GBP/USD – Smart Money Analysis: The British Pound Continues Its Upward Trend
GBP/USD posted strong gains last week,
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05.08.2026 05:46 PM
GBP/USD posted strong gains last week, fully in line with the prevailing fundamental backdrop. It can therefore be said 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 broken without triggering any meaningful price reaction. As a result, it can now be regarded as an inverted imbalance. Price reacted to this pattern from above as early as Friday, indicating
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