GBP/USD: Simple Trading Tips for Beginner Traders on October 7. Recap of Yesterday's Forex Trades

GBP/USD: Simple Trading Tips for Beginner Traders on October 7. Recap of Yesterday's Forex Trades

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GBP/USD: Simple Trading Tips for Beginner Traders on October 7. Recap of Yesterday's Forex Trades

Trade Analysis and Tips for Trading

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07.10.2025 08:27 AM

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Trade Analysis and Tips for Trading the British PoundThe price test at 1.3456 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential.The U.S. dollar resumed its decline against the British pound yesterday after Republicans and Democrats once again failed to reach a budget agreement, extending the government shutdown. Investors, exhausted by political uncertainty and concerned about its potential economic consequences, continued to abandon dollar-denominated assets, which immediately impacted the exchange

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