EXNESS - Analytics

EXNESS

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The pound is "eyeing" the 2015 low

Sell on a level breakthrough of 1.4664 with 1.4572 target. Stop loss = 1.4714.

Reason for the trading strategy

Despite the decline of the business activity indexes in the UK' and US manufacturing sectors to 51.9 p. 48.2 p., respectively, the GBP/USD pair is gradually slipping to the 2015 low around the 1.4572 mark. The interest rate tightening cycle in the US has already begun, and in the UK it will probably begin no earlier than 2017.

 

GBPUSD, H1



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