GBPTRY – 15.08.2017

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325

As we all know BREXIT created a bit of a pressure on British Pound initially. Though the positive economic data helped the currency to retrace its losses (i.e. GBPUSD)

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Looking at the GBPTRY, the pair has been trading in between 4.57 – 4.59 for a while. We believe the pair is preparing for another rally and the current price of 4.58 is a safe spot to open a long position. Our target price is 4.63 – 4.64 level.

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This cannot be considered an investment advice!!