EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation in the range of 1.5410-1.5490

    Buy on a level breakthrough of 1.5490 with 1.5570 target. Stop loss = 1.5440.

    Reason for the trading strategy

    The business activity index in the UK manufacturing sector in October rose from 51.8 p. to 55.5 p., and turned out to be better than the forecast of 51.3 p. The new orders index has made a good contribution to its growth. If similar positive "surprises" in relation to the UK economy are repeated, the probability of the key interest rates rising in the country in summer 2016 will increase.

    GBPUSD, H1

    GBPUSD


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