GBPUSD: consolidation before the publication of the PMI index in the UK services sector
Sell on a level breakthrough of 1.5525 with 1.5466 target. Stop loss = 1.5575.
Reason for the trading strategy
Today at 8:30 GMT, the business activity index in UK's services sector will be published. The decline from 58.4 p. to 58.1 p., expected in July, may put pressure on the pound. At the level breakthrough of $1.5525, opening short positions in the pound should be considered.