Trading Recommendations and Trade Analysis for GBP/USD on July 8th
Trading Recommendations and Trade Analysis for GBP/USD on July 8th
GBP/USD Analysis (5M)
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GBP/USD Analysis (5M) The GBP/USD currency pair also declined on Monday. However, on its uncertain downward path, the pair encountered the Senkou Span B line of the Ichimoku indicator for the third time—and once again failed to break through it. Over the past few trading days, the pair's movements have resembled a flat range between the Senkou Span B and Kijun-sen lines. Nonetheless, we believe that the current fundamental background and market sentiment toward the dollar support
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