EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation in the range of 1.5053-1.5136

    Sell on a level breakthrough of 1.5053 with 1.5000 target. Stop loss = 1.5103.

    Reason for the trading strategy

    Today, the first estimate for the UK GDP for Q3 2015 will be published. In the reporting period, the indicator is likely to show growth within the range of 0.5% (q/q). It should be noted that there has been some decrease in consumer activity of British households in Q4 2015. According to Gfk, the UK consumer confidence index fell form 2 p. to 1 p. in November (the figure was equal to 3 p. in September).

    GBPUSD, H1

    GBPUSD


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