Buy on a level breakthrough of 1.3160 with 1.3220 target. Stop loss = 1.3110.
Reason for the trading strategy
The final estimate for the UK GDP for Q2 2016 will be published today. Its possible revision from 0.4% (q/q) to 0.5% (q/q) will support the pound. Opening long positions in the GBPUSD pair can be considered above the level of 1.3160.
Reason for the trading strategy
The final estimate for the UK GDP for Q2 2016 will be published today. Its possible revision from 0.4% (q/q) to 0.5% (q/q) will support the pound. Opening long positions in the GBPUSD pair can be considered above the level of 1.3160.
Exness-GBPUSD: consolidation before publication of the UK GDP
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