EXNESS - Analytics

EXNESS

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GBPUSD: under pressure before publication of inflation statistics for the UK

Buy on a level breakthrough of 1.5633 with 1.5700 target. Stop loss = 1.5580.

Reason for the trading strategy

Expectations of growth of inflationary pressures in the UK in May are pushing the GBP/USD pair to new highs. From the technical point of view, the next set of the pair purchases should be considered above the level of 1.5633.

GBPUSD, H1

GBPUSD



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