EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    The pound is trying to gain a foothold above the level of $1.4

    Buy on a level breakthrough of 1.4011 with 1.4167 target. Stop loss = 1.3961.

    Reason for the trading strategy

    The UK GDP increased by 0.5% (q/q) in Q4 2015, as expected. If it was not for the low inflationary pressures in the country, the Bank of England could agree to raise the key interest rate now. It is noteworthy that the subject of the UK exiting from the EU did not have any significant pressure on the pound in the past few days.    

    GBPUSD, H4


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