EXNESS - Analytics

    EXNESS

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    Real

    The pound slides to the 1.4 level

    Sell on a level breakthrough of 1.4057 with 1.4000 target. Stop loss = 1.4117.

    Reason for the trading strategy

    The non-zero probability of the UK exiting from the EU increases the risk premium for investing in the British and European assets. A number of large investment banks find it conceivable that this year the GBPUSD pair will drop to the 1.3 level. In the short-term, the pound is likely to decline to the level of 1.4 dollars.

     

    GBPUSD, H4


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