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GBP/USD – Smart Money Analysis: Nonfarm Payrolls Provide Greater Market Clarity
GBP/USD now has a strong opportunity
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GBP/USD now has a strong opportunity to resume its decline after reacting to Bearish Imbalance 19, following two weeks of trading within that zone. Undoubtedly, Friday's catalyst for renewed bearish pressure was the U.S. economic data, which turned out to be unexpectedly strong. Few market participants likely anticipated such robust Nonfarm Payrolls figures for April and May. However, the U.S. labor market in 2026 has indeed been performing much better than it did last year, providing support for the U.S.
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
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Grigory Sokolov
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