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Review of Trades and Tips for Trading the Japanese Yen The test of the 154.85 price level occurred when the MACD indicator had just started to move up from.
GBP/USD: Trading Plan for the US Session on July 24th (Review of Morning Trades). The Pound Rose After PMI Data
In my morning forecast, I focused on the level of 1.2906 and planned to make market entry decisions from there. Let's examine the 5-minute chart to see what happened.
GBP/USD Analysis for July 24th: Pound Faces Potential Decline at Key Support Level
On the hourly chart, the GBP/USD pair remained within the support zone of 1.2892–1.2931 on Tuesday. Securing a position below this zone will likely result in further declines.
GBP/USD: trading tips for beginners for the European session on July 24
Overview of trading and tips on GBP/USD The price tests I mentioned did not occur in the afternoon due to a sharp decrease in market volatility. Nevertheless, the pound continued.
Indicator analysis: Daily review of EUR/USD on July 24, 2024
On Tuesday, the pair fell, and rose with the 38.2% level at 1.0840 (red dotted line), closing the daily candle at 1.0853. Today, it will attempt to start an upward.
Trading plan for GBP/USD on July 24. Simple tips for beginners
Analyzing Tuesday's trades: GBP/USD on 1H chart The GBP/USD pair continued to trade lower on Tuesday. There was no macroeconomic or fundamental background to speak of, so the pound fell.
Technical Analysis of Intraday Price Movement of GBP/USD Main Currency Pairs, Wednesday July 24, 2024.
The cable on the 4-hour chart is still in a bullish condition where this condition is confirmed by the position of the EMA 50 which is still above.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.