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GBP/USD: Tips for Beginner Traders on February 3rd (U.S. Session)
Trade Analysis and Trading Tips for
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Trade Analysis and Trading Tips for the British PoundThe test of the 1.3700 price level occurred at a moment when the MACD indicator had moved significantly upward from the zero line, which limited the pair's upward potential. For this reason, I did not buy the pound.The absence of U.K. economic data helped the pound rise, but the move was short-lived. However, such a development was quite expected, as a bearish tone is clearly visible in the market right now. The
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Jakub Novak,
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Pavel Vlasov
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