EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the 1.5670 level

    Buy on a level breakthrough of 1.5670 with 1.5770 target. Stop loss = 1.5620.

    Reason for the trading strategy

    In May, the jobless rate in the UK grew from 5.5% to 5.6%. In June, the number of unemployed in the UK rose by 7 thousand with an expected decline by 8.9 thousand. The deterioration of the situation in the labor market will have a restraining effect on the future growth rate of the British economy. Meanwhile, the adjusting growth in the EUR/USD pair from the 1.09 level could support the pound against the US dollar.

     

    GBPUSD, H4

    GBPUSD


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