Sell on a level breakthrough of 1.3840 with 1.3750 target. Stop loss = 1.3890.
Reason for the trading strategy
The US GDP grew by 1% (y/y) in Q4 2015, with the forecast of 0.4% (y/y). Previously, a growth of 0.7% (y/y) was reported. The statistics support the US dollar. With the GBPUSD pair exiting from the range of 1.3840-1.4042, opening respective positions should be considered.