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GBP/USD: Simple Trading Tips for Beginner Traders – May 8th (U.S. Session)
Trade Analysis and Tips for the
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Trade Analysis and Tips for the British PoundThe price test at 1.3330 in the first half of the day coincided with the MACD indicator just beginning to move down from the zero level, confirming a valid entry point for selling the pound. As a result, the pair dropped by 40 points.As expected, the Bank of England cut interest rates. However, traders seemed prepared for this move, and the market paused in anticipation. Investors will now closely analyze every word from
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Jakub Novak,
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