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How to Trade the GBP/USD Currency Pair on May 4? Simple Tips and Trade Analysis for Beginners
Analysis of Friday's Trades:1H Chart of
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Analysis of Friday's Trades:1H Chart of the GBP/USD Pair The GBP/USD pair managed to break out of the sideways channel on Friday, as shown in the illustration above. It doesn't matter that the price immediately returned to the channel due to geopolitical news. The key point is that the upper line of the channel was breached, and there is no reason for the US dollar to rise. As we mentioned, geopolitics may now occasionally provide support for
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
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Stanislav Polyanskiy
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