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GBP/USD: Trading Tips for Beginner Traders – August 4 (U.S. Session)
Trade Review and Tips for Trading
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04.08.2026 01:12 PM
Trade Review and Tips for Trading the British PoundThe test of the 1.3438 level occurred when the MACD indicator had already moved well above the zero line, limiting the pair’s upward potential. For this reason, I did not buy the pound.Buying opportunities also lacked appeal, as the empty UK economic calendar resulted in only modest gains for the pound during the first half of the day. Normally, the direction of the British currency is driven by more significant economic releases,
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