The GBP/USD exchange rate continued to trade in a high-range consolidation during the North American session, currently hovering near the 1.353 level with a slight intraday rebound. The US Dollar Index turned lower following the release of weak ADP employment data, providing some support for the British Pound. The US added only 37,000 jobs in the private sector in May, far below the market expectation of 115,000, reinforcing market bets on future Federal Reserve rate cuts. In the short term, the exchange rate may continue to consolidate within the range of 1.3450 to 1.3600. If the US non-farm payroll data remains weak, the exchange rate is expected to break above the 1.3600 level, opening up further upside potential.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
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