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Trading Recommendations and Trade Analysis for GBP/USD on February 9. The British Pound Faces Challenges
Analysis of GBP/USD 5M
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Analysis of GBP/USD 5M The GBP/USD currency pair recovered 100 pips on Friday, with virtually no accompanying factors. There were no macroeconomic events scheduled in the UK that day, and in the U.S., only the University of Michigan consumer sentiment index was released. This index rose from 56.4 to 57.3, which was lower than anticipated. Thus, this report could have at least slightly strengthened the American currency, but the market again demonstrated that it reacts only to
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Paolo Greco,
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