Buy on a level breakthrough of 1.4230 with 1.4320 target. Stop loss = 1.4180.
Reason for the trading strategy
The weakening dollar and 1.3% (m/m) increase in house prices in the UK in April support the pound. The breakthrough of the 1.4230 level could lead to a rise in the GBPUSD pair to the mark of 1.4320.
Reason for the trading strategy
The weakening dollar and 1.3% (m/m) increase in house prices in the UK in April support the pound. The breakthrough of the 1.4230 level could lead to a rise in the GBPUSD pair to the mark of 1.4320.
GBPUSD: consolidation in the range of 1.4130-1.4230
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