EXNESS - Analytics

    EXNESS

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    GBPUSD: adjustment from the level of 1.5465

    Sell on a level breakthrough of 1.5465 with 1.5330 target. Stop loss = 1.5515.

    Reason for the trading strategy

    Considering the recent projections for the inflation growth, the Bank of England decides to increase the key interest rate later than the US Federal Reserve. The US regulators will probably raise the interest rate no later than December 2015, and the Bank of England will only do so in Q1 2016. At the level breakthrough of $1.5465, opening short positions in the pound should be considered.

    GBPUSD, H4

    GBPUSD


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