EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before the Bank of England's meeting

    Buy on a level breakthrough of 1.5467 with 1.5532 target. Stop loss = 1.5417.

    Reason for the trading strategy

    Today, the Bank of England is likely to keep the key interest rate and the amount of asset purchases unchanged. After the publication of the June US Federal Reserve minutes, the local weakness of the US dollar is pushing the GBP/USD pair to the 1.5467 level, whose breakdown will serve as a signal for opening long positions.

    GBPUSD, H4

    GBPUSD


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