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GBP/USD: Simple Trading Tips for Beginner Traders on December 2nd (U.S. Session)
Analysis of Trades and Trading Tips
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Analysis of Trades and Trading Tips for the British PoundTesting the 1.2681 level occurred when the MACD indicator was already significantly below zero, limiting the pound's bearish potential. For this reason, I refrained from selling.Recent manufacturing activity data highlights ongoing uncertainty in the UK economy, putting pressure on the pound. The data showed a contraction in manufacturing activity, which may also negatively affect consumer demand. This decline in the manufacturing sector raises concerns about broader economic challenges. Additionally, inflation remains
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Jakub Novak,
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