Buy on a level breakthrough of 1.5531 with 1.5750 target. Stop loss = 1.5450.
Reason for the trading strategy
According to the exit poll, the Conservatives, who can get 316 seats in a 650-seat parliament, are in the lead in the UK parliamentary elections, while the Labor party has only 239 seats, the Scottish National Party (SNP) has 58 seats, the Liberal Democrats - 10 seats, and the United Kingdom Independence Party (UKIP) has 2 seats. The British currency reacted to this data by increasing, reaching the level of $1.55. Today, a fixation of long positions in the pair GBP/USD is possible at the moment of publication of data on the US labor market.
February 22, 2017 Crude oil look set to resume bullish trend
Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range...
February 22, 2017 Investors are questioning the stability of EU, should you?
The US radiant future under the Trumpnomics remains a hot topic for speculation, propelling the greenbacks demand. More and more investors are trying to hop on the Dollars gravy train, as caution is lowered...
February 22, 2017 Brent remained strongly bid
Sustained break above the 57.50 region is seen as minimum requirement needed to confirm bullish resumption. Once we break above the 57.50 hurdle, we think that the 58.50 level will be next. Meanwhile, we do not exclude a minor correction towards 56.50 dollars per barrel...
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