EXNESS - Analytics


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    GBPUSD: consolidation before the Bank of England meeting

    Buy on a level breakthrough of 1.4290 with 1.4435 target. Stop loss = 1.4240.

    Reason for the trading strategy

    The weakness of the US dollar could allow the pound to test the level of 1.4435 in the near future. Today, it is worth paying attention to the Bank of England meeting, which is likely to keep the key interest rate and the volume of asset purchases unchanged.           

    GBPUSD, H4

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