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GBP/USD: Tips for Beginner Traders on September 23rd (US Session)
Trade review and tips for trading
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Trade review and tips for trading the British poundThe test of 1.3517 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's bullish potential.The pound reacted with a decline to weak UK PMI data for September. The composite PMI, reflecting overall economic activity, fell, signaling a slowdown in growth. Particularly worrying were the figures for the manufacturing sector, showing a contraction in output and reduced demand. This heightens concerns about a possible recession
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Jakub Novak,
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