EXNESS - Analytics

    EXNESS

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    Real

    The pound has found the strength to bounce upwards

    Buy on a level breakthrough of 1.4182 with 1.4252 target. Stop loss = 1.4132.

    Reason for the trading strategy

    In February, the UK retail sales decreased by 0.4% (m/m), with a forecast of a 0.7% (m/m) decline. According to the Office for National Statistics (The ONS), the average cost of the UK real estate grew by 8.6% per annum in the UK in January (it grew by 10.8% in London). The statistics indicates the preservation of a high purchasing power of the UK population. In the short term, the GBPUSD pair may be adjusted to the level of 1.4252.
     

    GBPUSD, H1

     


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