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Trading recommendations for GBP / USD on August 26
Analysis of transactions
Pound jumps upward due to weak US consumer sentiment report, but long positions set at gave only 30 points of profit, as movement ended at a price level of 1.3165.
Further growth factor could be the upcoming US orders for durable goods report, as such will indicate the confidence of consumers on their financial positions in the future. Thus, reduced orders will negatively affect the US dollar, decreasing its demand in the market.
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