GBP/USD: Tips for Beginner Traders for October 8th (U.S. Session)
GBP/USD: Tips for Beginner Traders for October 8th (U.S. Session)
Trade Analysis and Recommendations on the
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Trade Analysis and Recommendations on the British PoundThe price test of 1.3401 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upward potential. For this reason, I did not buy the pound.The release of the Bank of England meeting minutes supported the pound. The language of the press release was extremely cautious: no hints of a reassessment of the current monetary policy and not a single mention of upcoming interest rate cuts.
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