EXNESS - Analytics

    EXNESS

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    GBPUSD: growth before publication of the UK consumer price index

    Buy on a level breakthrough of 1.4323 with 1.4423 target. Stop loss = 1.4273.

    Reason for the trading strategy

    Various UK inflation statistics will be published today. Against the background of the December collapse of oil prices, the inflationary pressures in the country are likely to decline. Meanwhile, the pound is now in need of an adjustment against its obvious oversold value against its American counterpart. From a technical point of view, the growth of the pound above the level of 1.4323 dollars will contribute to the "double bottom" figure being realized.

    GBPUSD, H1

    GBPUSD


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