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GBP/USD: Trading Recommendations and Trade Analysis for December 8. The British Pound Awaits Powell's Speech
Analysis of GBP/USD (5M)The GBP/USD pair
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Analysis of GBP/USD (5M)The GBP/USD pair continued to correct on Friday with minimal volatility, staying within the upward trend. Macroeconomic data from the US triggered a market reaction of only 25 pips, and the day's overall volatility was again minimal. In the UK, the macroeconomic and fundamental backdrop was absent. While we would like to say that the upcoming week will be defining for the market and that traders will wake up to strong trending movements, the likelihood of this
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Paolo Greco,
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