GBP/USD: Simple Trading Tips for Beginner Traders – August 1st (U.S. Session)
GBP/USD: Simple Trading Tips for Beginner Traders – August 1st (U.S. Session)
Trade Analysis and Recommendations for the
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Trade Analysis and Recommendations for the British PoundThe test of the 1.3191 level coincided with the MACD indicator just beginning to move down from the zero mark, confirming a valid entry point for selling the pound, which led to a drop of over 40 points.Weak UK manufacturing PMI data added pressure on the pound, triggering another decline. Investors, concerned about slowing economic growth and potential recession, continued to actively sell the British currency, leading to a cascade of sell-offs. The
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