EXNESS - Analytics

    EXNESS

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    Real

    The UK GDP data has supported the pound

    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.

     

    GBPUSD, H4

    GBPUSD


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