EXNESS - Analytics

EXNESS

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GBPUSD: consolidation before the publication of the US producer price index

Buy on a level breakthrough of 1.5550 with 1.5600 target. Stop loss = 1.5500.

Reason for the trading strategy

Today, the volume of production in the UK construction sector and the US producer price index will be published. The GBP/USD pair maintains a dynamic equilibrium. The pound's exit beyond the range of 1.5442-1.5550 will signal the opening of its respective positions.

GBPUSD, H4

GBPUSD



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