EXNESS - Analytics

EXNESS

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The pound is testing the level of $1.5105

Buy on a level breakthrough of 1.5105 with 1.5155 target. Stop loss = 1.5055.

Reason for the trading strategy

The local weakness of the US dollar and the successful completion of stress tests by the UK's banking sector have allowed the GBP/USD pair to adjust to the level of $1.5105. According to the Bank of England's estimates, the banks' stress tests did not reveal the lack of capital. Today, the publication of the business activity index in the UK manufacturing sector may put pressure on the pair. In November, the index is expected to decline from 55.5 p. to 53.7 p. Meanwhile, opening long positions on the pound should be considered at the level breakthrough of $1.5105.

GBPUSD, H1

GBPUSD



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