EXNESS - Analytics


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GBPUSD: consolidation in the range of 1.4042-1.4105

Buy on a level breakthrough of 1.4105 with 1.4167 target. Stop loss = 1.4055. 

Reason for the trading strategy

After the breakthrough of the upper limit of the range of 1.3840-1.4042, an adjustment of the GBPUSD pair is observed. Note that recently the pound has been acting as a risk indicator, it grows as the oil prices rise. Today, attention should be paid to the publication of the business activity index in the UK's services sector. 




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