Sell on a level breakthrough of 1.5053 with 1.5000 target. Stop loss = 1.5103.
Reason for the trading strategy
The weakness of the US dollar in the international currency markets is supporting the GBP/USD pair. However, in the medium term, it can drop to the level of 1.5. Yesterday it became known that the US GDP for Q3 2015 was revised upwards from 1.5% (q/q) to 2.1% (q/q).
GBPUSD, H4
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Reason for the trading strategy
The weakness of the US dollar in the international currency markets is supporting the GBP/USD pair. However, in the medium term, it can drop to the level of 1.5. Yesterday it became known that the US GDP for Q3 2015 was revised upwards from 1.5% (q/q) to 2.1% (q/q).
GBPUSD, H4
Read more
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