EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level of 1.55

    Buy on a level breakthrough of 1.5500 with 1.5570 target. Stop loss = 1.5450.

    Reason for the trading strategy

    In October, the annual growth rate of house prices across the UK declined from 6.4% to 5.6%, as published by Rightmove. The pound ignored the weak statistics and rushed towards the dollar level of 1.55. Today, it is worth paying attention to the comments made by Lael Brainard, Governor of the US Federal Reserve.

    GBPUSD, H4

    GBPUSD


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