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Trading Recommendations and Analysis of GBP/USD for July 29. The Market Eagerly Awaits the Fed Meeting
Analysis of GBP/USD 5M
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29.07.2026 05:04 AM
Analysis of GBP/USD 5M The GBP/USD currency pair traded throughout Tuesday with minimal volatility and exclusively sideways. There was a lack of macroeconomic and fundamental backdrop, and the market is filtering geopolitical events rigorously. In principle, there were no significant geopolitical news messages yesterday. Donald Trump continues to engage in “very good negotiations” with Iran, while Iran is not conducting any negotiations with the US, and the Strait of Hormuz remains blocked. Nothing new here.In recent weeks,
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