EXNESS - Analytics

    EXNESS

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    GBPUSD: under pressure against the background of the growing US dollar

    Sell on a level breakthrough of 1.5464 with 1.5407 target. Stop loss = 1.5514.

    Reason for the trading strategy

    A combination of weak data on retail sales in the UK and a strong macroeconomic statistics on the US played a trick on the British currency. Yesterday the GBP/USD pair dropped out of the range of 1,5536-1,5672. In the short term, there are risks of it weakening to reach the level of 1.5407.

     

    GBPUSD, H4

    GBPUSD


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