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GBP/USD: Tips for Beginner Traders on May 26th (U.S. Session)
Trade Analysis and Tips for Trading
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Trade Analysis and Tips for Trading the British PoundThe test of the 1.3470 price level occurred at a moment when the MACD indicator had already moved significantly below the zero line, which limited the pair's downward potential. The second test of 1.3470 coincided with the MACD being in oversold territory, which led to the execution of Scenario No. 2 (buying the pound) and resulted in a 14-point rise in the pair.Retail sales data from the Confederation of British Industry (CBI)
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Jakub Novak,
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