Sell on a level breakthrough of 1.4352 with 1.4223 target. Stop loss = 1.4402.
Reason for the trading strategy
In November, the volume of the UK industrial production decreased by 0.7% (m/m), with a forecast of 0% (m/m). The manufacturing output was also smaller than the forecast, having decreased by 0.4% (m/m). The unfavorable macroeconomic statistics reduces the likelihood of an imminent tightening of the interest rate policy in this country.