EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level of 1.4444

    Buy on a level breakthrough of 1.4444 with 1.4500 target. Stop loss = 1.4394.

    Reason for the trading strategy

    The PMI in the UK manufacturing sector rose from 52.1 p. to 52.9 p. in January; and it fell from 52.7 p. to 52.4 p in the USA. The data support the GBP/USD pair. After the adjustment, it could test the level of 1.45.  

    GBPUSD, H1


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