EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before the publication of the retail sales in the UK

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

    Reason for the trading strategy

    Today, the publication of the UK statistics on retail sales for September may provide support for the pound. If the index exceeds 0.3% (m/m), the GBP/USD pair is likely to be fixed above the level of 1.55.

    GBPUSD, H4

    GBPUSD


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