EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before publication of data on the UK foreign trade

    Sell on a level breakthrough of 1.4262 with 1.4117 target. Stop loss = 1.4320.

    Reason for the trading strategy

    Expectations of a decline in the UK trade balance in January puts pressure on the pound. In addition, the actions of the ECB are likely to lead to a decrease in the EU bonds yield in the coming weeks.            

    GBPUSD, H1


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