Buy on a level breakthrough of 1.4170 with 1.4318 target. Stop loss = 1.4120.
Reason for the trading strategy
The decline in the UK industrial production in September did not put any significant pressure on the pound. The low probability of the US interest rates rising in Q2 2016 and generally good macroeconomic data in the UK (better than that in the Eurozone) give reason for an upward revision of the fair value of the British currency.
Reason for the trading strategy
The decline in the UK industrial production in September did not put any significant pressure on the pound. The low probability of the US interest rates rising in Q2 2016 and generally good macroeconomic data in the UK (better than that in the Eurozone) give reason for an upward revision of the fair value of the British currency.
GBPUSD: consolidation in the range of 1.4003-1.4170
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