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GBP/USD: Tips for Beginner Traders on May 21st (US Session)
Trade Review and Trading Tips for
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Trade Review and Trading Tips for the British PoundThe price test at 1.3424 occurred at a moment when the MACD indicator was just beginning to move downward from the zero line, which confirmed a valid entry point for selling the pound. However, no significant downward movement followed.Rather weak UK PMI data for May prevented the pound from extending gains against the US dollar. The Manufacturing PMI remained at 53.7 versus the forecast of 53.0, while the Services sector dropped sharply
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Jakub Novak,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Pavel Vlasov
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