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GBP/USD: Simple Trading Tips for Beginner Traders for August 14th (U.S. Session)
Trade Review and Trading Tips for
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Trade Review and Trading Tips for the British PoundThe price test of 1.3584 occurred when the MACD indicator had already moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I did not buy the pound. The second test of 1.3584 took place when the MACD was in the overbought zone, which allowed scenario #2 for selling to play out, resulting in a 20-point drop in the pair.UK GDP growth of 0.4% immediately triggered pound buying.
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Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
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Pavel Vlasov
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