EXNESS - Analytics

EXNESS

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Real

The UK manufacturing sector is pulling the pound to the "bottom"

Sell on a level breakthrough of 1.5050 with 1.4994 target. Stop loss = 1.5100.

Reason for the trading strategy

A big reduction in the business activity index in the UK manufacturing sector rather than in the US one in November did not please the buyers of the GBP/USD pair. If today's rhetoric delivered by J. Yellen turns out to be "tough", the probability of an increase in the US key interest rates in December will increase, as well as the risks of the GBP/USD declining to the level of 1.4994.

GBPUSD, H1

GBPUSD



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