EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before publication of the UK labor market statistics

    Sell on a level breakthrough of 1.4084 with 1.4011 target. Stop loss = 1.4134.

    Reason for the trading strategy

    The data on retail sales in the UK labor market will be published today.  If a decline in the unemployment rate and a growth of wages in the country are recorded, the pound will adjust upwards. Meanwhile, from a technical point of view, there is a high likelihood of it reducing it to the level of 1.4011 dollars.          

    GBPUSD, H4


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