EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level of 1.5616

    Buy on a level breakthrough of 1.5616 with 1.5673 target. Stop loss = 1.5566.

    Reason for the trading strategy

    The strong data on the UK GDP for Q2 2015 and the July decline in the US Conference Board consumer confidence index are both supporting the GBP/USD pair. From a technical point of view, with a breakthrough of the level of 1.5616 dollars, opening long positions on the pound should be considered.
     

    GBPUSD, H4

    GBPUSD


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