EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation in the range of 1.5560-1.5670

    Buy on rebound from the level of 1.5560 with 1.5670 target. Stop loss = 1.5510.

    Reason for the trading strategy

    In July, the UK's Rightmove house price index increased from 4.5% (m/m) to 5.1% (m/m). The data indicates a growth of purchasing power for Australian households. This news is positive for the pound.

     

    GBPUSD, H4

    GBPUSD


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