Sell on a level breakthrough of 1.3064 with 1.2964 target. Stop loss = 1.3114.
Reason for the trading strategy
In June, the basic consumer price index in the UK rose from 1.2% (y/y) to 1.4% (y/y). In July, a slowdown of inflationary pressures in the country is possible due to a decrease in consumer activity of British households. Today, it is worth paying attention to the publication of the UK labor market statistics. In the short term, the pound may fall to the level of $ 1.2964 against the background of a strengthening global reserve currency.
Reason for the trading strategy
In June, the basic consumer price index in the UK rose from 1.2% (y/y) to 1.4% (y/y). In July, a slowdown of inflationary pressures in the country is possible due to a decrease in consumer activity of British households. Today, it is worth paying attention to the publication of the UK labor market statistics. In the short term, the pound may fall to the level of $ 1.2964 against the background of a strengthening global reserve currency.
Exness- GBPUSD: consolidation before publication of the UK labor market statistics
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