GBPUSD
April 6, 2016, 10:20
Sell on a level breakthrough of 1.4112 with 1.4050 target. Stop loss = 1.4162.
Reason for the trading strategy
After the publication of the negative data for Germany, strengthening of the dollar against the euro allowed the world's reserve currency to strengthen against its British counterpart too. In the evening, we do not exclude a weakening of the dollar at the time of publication of the US Federal Reserve expectedly soft protocols. An adjusting growth of the pound may start from the strong support level of $1.4050.
GBPUSD, H4
April 6, 2016, 10:20
Sell on a level breakthrough of 1.4112 with 1.4050 target. Stop loss = 1.4162.
Reason for the trading strategy
After the publication of the negative data for Germany, strengthening of the dollar against the euro allowed the world's reserve currency to strengthen against its British counterpart too. In the evening, we do not exclude a weakening of the dollar at the time of publication of the US Federal Reserve expectedly soft protocols. An adjusting growth of the pound may start from the strong support level of $1.4050.
GBPUSD, H4
GBPUSD: consolidation before publication of the previous US Federal Reserve meeting m
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