EXNESS - Analytics

    EXNESS

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    GBPUSD: under pressure against the background of a reduction in the business activity index in the UK's manufacturing sector

    Sell on a level breakthrough of 1.5588 with 1.5500 target. Stop loss = 1.5640.

    Reason for the trading strategy

    The June decline from 52.0 p. 51.4 to p. in the business activity index in the UK's manufacturing sector and the strengthening of the US dollar in the international foreign exchange market related to the events in Greece brought the pound beyond the lower limit of the 1,5660-1,5785 range. Today, the publication of the monthly US labor market report may put pressure on the pound.

     

    GBPUSD, H1

    EURUSD


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