Sell on a level breakthrough of 1.5661 with 1.5600 target. Stop loss = 1.5711.
Reason for the trading strategy
The UK GDP in Q1 2015 has been revised upwards from 0.3% (q/q) to 0.4% (q/q). In annual terms, the figure rose by 2.9% against the forecast of 2.5%. The news supported the pound, which has remained in the range of 1,5661-1,5787. Today, it is worth paying attention to the publication of the Bank of England's financial stability report and M.Carney's speech.