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Trading recommendations for the GBP/USD pair on July 22
GBP/USD
Analysis of transactions
The "buy" signal presented for the British pound worked perfectly. The quote was able to test the level of 12674 in the trading chart (green rectangle), which led to a 40-pip increase in the pound. In addition, the decline in the quote which occurred in the second half of the day led to a rise to the area of the daily target 1.2725, where it was necessary to exit the market.
However, the pressure on the pound may return, so be careful with buying positions at current prices. At the moment, there are no news regarding Brexit, but the topic remains rather painful for the British pound, as any news about it may lead to a sharp decline.
Thus:
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