EXNESS - Analytics

    EXNESS

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    GBPUSD: adjustment from the level of 1.5250

    Buy on a level breakthrough of 1.5250 with 1.5300 target. Stop loss = 1.5200.

    Reason for the trading strategy

    The statistics on the UK labor market published yesterday allowed the GBP/USD pair to come close to the level of 1.5250. In September, the unemployment rate fell from 5.4% to 5.3%, while the average monthly wage increased by 3% in annual terms. If the number of initial jobless claims in the US (which will be published at 13.30 GMT) turn out higher than 270 thousand, the pair will resume its growth.

    GBPUSD, H4

    GBPUSD


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