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.