EXNESS - Analytics

    EXNESS

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    Real

    In the short term, the pound could drop below the level of 1.5

    Sell on a level breakthrough of 1.5015 with 1.4950 target. Stop loss = 1.5065.

    Reason for the trading strategy

    As expected, the UK GDP grew by only 0.5% (q/q) in Q3 2015 after rising by 0.7% (q/q.) in Q2 2015. In spite of the stable macroeconomic statistics, market participants are selling the GBP/USD pair in anticipation of the imminent increase in the US key interest rates.

    GBPUSD, H1

    GBPUSD


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