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GBP/USD: Simple Trading Tips for Beginners on June 16. Analysis of Yesterday's Forex Trades
Trade Analysis and Tips for Trading
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Trade Analysis and Tips for Trading the British Pound The price test at 1.3435 coincided with the MACD indicator being well above the zero mark, which limited the pair's upward potential. The second test at 1.3435 triggered Sell Scenario #2 for the pound, resulting in a 20-pip decline in the pair.The US and Iran have yet to publish the text of the memorandum of understanding, leading to a return of demand for the dollar and pressure on the British pound.
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Jakub Novak,
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