EXNESS - Analytics

    EXNESS

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    GBPUSD: under pressure before the publication of the inflation figures for the UK

    Sell on a level breakthrough of 1.5173 with 1.5100 target. Stop loss = 1.5223.

    Reason for the trading strategy

    If the annual inflation rate in the UK remains in the negative range in October, the probability of tightening of the UK monetary policy in the first half of 2016 will decrease dramatically. The breakthrough of the support level of 1.5173 will lead to a reduction in the GBP/USD pair to the level of 1.51.

    GBPUSD, H1

    GBPUSD


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