EXNESS - Analytics

EXNESS

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GBPUSD: Consolidation in the range of 1.5568-1.5618

Buy on a level breakthrough of 1.5618 with 1.5670 target. Stop loss = 1.5568.

Reason for the trading strategy

Yesterday strong macro-economic statistics for the UK was published. In July, the business activity index in the UK's manufacturing sector rose from 51.4 p. to 51.9 p. and turned out to be better than the forecast of 51.6 p. On the contrary, the similar ISM figure for the United States fell from 53.5 p. to 52.7 p. Today, it is worth paying attention to the business activity index in the UK construction sector.

GBPUSD, H1

GBPUSD



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