EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level 1.4362

    Buy on a level breakthrough of 1.4362 with 1.4479 target. Stop loss = 1.4312.

    Reason for the trading strategy

    The GBP/USD pair still has potential for growth, despite the 1% (m/m) decline in the UK retail sales in December. The probability of the US key interest rates increasing this week is low. At a breakthrough of the level of $1.4362, opening long positions in the pound should be considered.

    GBPUSD, H4

    GBPUSD


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