EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation in the range of 1.4345-1.4406

    Buy on rebound from 1.4345 level with 1.4406 target. Stop loss = 1.4295.

    Reason for the trading strategy

    In January, the Gfk consumer confidence index in the UK increased from 2 p. to 4 p. The data indicate an increase in consumer activity of British households and support the pound. 

    GBPUSD, H1


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