GBP/USD: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session)

GBP/USD: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session)
Trade Review and Tips for Trading
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Trade Review and Tips for Trading the British PoundThe price test at 1.3547 occurred when the MACD indicator had just begun moving downward from the zero line, confirming a valid entry point for selling the pound. As a result, the pair dropped by 17 points.The pound declined following the news that the UK's GDP contracted by 0.1% in May. This unexpected development raised investor concerns about the resilience of the British economy amid global uncertainty. Growth prospects remain unclear, especially
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