EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level of 1.5624

    Buy on a level breakthrough of 1.5624 with 1.5672 target. Stop loss = 1.5580.

    Reason for the trading strategy

    According to a member of the Bank of England's Monetary Policy Committee the inflation in the country will rise to the level of 2% by the end of 2015 - beginning of 2016. The pound is increasing due to an adjustment of the deadlines for increase in the UK's key interest rate to an earlier time.

     

    GBPUSD, H1

    GBPUSD


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