EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation around the 1.4596 support level

    Sell on a level breakthrough of 1.4596 with 1.4530 target. Stop loss = 1.4650.

    Reason for the trading strategy

    A sharp rise in demand for safe assets is putting pressure on the GBP/USD pair. In addition, growth in the world's reserve currency contributes to the publication of the ADP report on the number of jobs created in the US private sector in December, which rose from 211 thousand to 257 thousand and was much better than the forecast of 197 thousand.

     

    GBPUSD, H4


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