GBPUSD
March 3, 2016, 10:11
Buy on a level breakthrough of 1.4105 with 1.4167 target. Stop loss = 1.4055.
Reason for the trading strategy
After the breakthrough of the upper limit of the range of 1.3840-1.4042, an adjustment of the GBPUSD pair is observed. Note that recently the pound has been acting as a risk indicator, it grows as the oil prices rise. Today, attention should be paid to the publication of the business activity index in the UK's services sector.
GBPUSD, H4
March 3, 2016, 10:11
Buy on a level breakthrough of 1.4105 with 1.4167 target. Stop loss = 1.4055.
Reason for the trading strategy
After the breakthrough of the upper limit of the range of 1.3840-1.4042, an adjustment of the GBPUSD pair is observed. Note that recently the pound has been acting as a risk indicator, it grows as the oil prices rise. Today, attention should be paid to the publication of the business activity index in the UK's services sector.
GBPUSD, H4
GBPUSD: consolidation in the range of 1.4042-1.4105
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