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On the hourly chart, the GBP/USD pair executed a new rebound from the resistance zone of 1.2690–1.2705 on Monday, favoring the US dollar and beginning to decline towards the support.
GBP/USD: trading tips for beginners for the European session on July 2
Overview of trading and tips on GBP/USD The price test of 1.2681 occurred when the MACD indicator had moved significantly above the zero mark, which in my opinion, limited.
Holiday Records: Apple, Tesla Lead Market Higher
Rising mega-cap stocks like Apple and Tesla led the tech-heavy Nasdaq to a big gain on Monday. The Dow and S&P 500 also posted modest gains amid soft holiday activity.
Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday July 02, 2024.
If we look at the 4-hour chart of the GBP/AUD cross currency pair, we can see a deviation between the price movements of these currencies which makes a Lower.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Tuesday July 02, 2024.
With the appearance of deviations between the price movements of the CAD/JPY currency pair on the 4-hour chart which forms a Higher High while the Awesome Oscillator indicator actually forms.
Trading plan for GBP/USD on July 2. Simple tips for beginners
Analyzing Monday's trades: GBP/USD on 1H chart GBP/USD also showed positive trades in the first half of the day, which certainly could not have been triggered by the election results.
Forecast for GBP/USD on July 2, 2024
GBP/USD Yesterday, the British pound reached the intermediate target of 1.2701 on its way to 1.1745, but as expected, it lacked the strength to rise further. The reverse movement turned.
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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.