EXNESS - Analytics

EXNESS

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GBPUSD: consolidation around the level of 1.545

Sell on a level breakthrough of 1.5450 with 1.5350 target. Stop loss = 1.5500.

Reason for the trading strategy

The sharp decline in the pound against the US dollar is caused by the strengthening of the latter in the international currency market. China's Central Bank, the ECB and the Bank of Japan may expand the monetary stimulus programs; and the US Federal Reserve is likely to become the first central bank among the G7 countries, which will agree to increase the key interest rate.

 

GBPUSD, Daily

 

GBPUSD



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