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GBPUSD: under pressure before publication of the data on UK industrial production

Sell on a level breakthrough of 1.5036 with 1.4986 target. Stop loss = 1.5086.

Reason for the trading strategy

Both the imminent increase in the US key interest rate and rather weak economic data for the UK form the background for the pound retesting its December low of 1.4894 dollars. If the UK industrial production statistics for October is worse than expected, the 1.4986 level will become the first objective of the reduction of the GBP/USD pair.



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