EXNESS - Analytics

    EXNESS

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    GBPUSD: growth before publication of industrial production volume in the UK

    Buy on a level breakthrough of 1.4488 with 1.4546 target. Stop loss = 1.4438.

    Reason for the trading strategy

    In December, the UK's trade deficit totaled 9.9 billion pounds, with a forecast of 10.4 billion pounds. The data are positive for the pound. If the industrial production in the UK turns out better in December than expected (i.e., higher than -0.1% (m/m)), the GBPUSD will test the level of 1.4546.

    GBPUSD, H1


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