EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before publication of data on the industrial production in the UK

    Sell on a level breakthrough of 1.4177 with 1.4107 target. Stop loss = 1.4227.

    Reason for the trading strategy

    Expectations of an expansion of the asset purchases programs by the ECB allow the US dollar to feel confident in the EU currency. The publication of the volume of industrial production in the UK, which in January could rise to 0.6% (m/m) is capable of restraining the pound from a greater reduction. 

    GBPUSD, H1


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