EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation in the range of 1.5025-1.5107

    Sell on a level breakthrough of 1.5025 with 1.4950 target. Stop loss = 1.5075.

    Reason for the trading strategy

    Following the publication of the US labor market data for October, the likelihood of the US key interest rates rising in December increased to almost 70%. However, the US Federal Reserve may postpone the cycle of tightening of the interest rate policy for Q1 2016, when the inflationary pressures will start to grow steadily in the United States. The proximity of the strong support level of 1.5 keeps the GBP/USD pair away from further sales.

    GBPUSD, H4

    GBPUSD


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