EXNESS - Analytics

    EXNESS

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    GBPUSD: under pressure before publication of the retail sales data for the UK

    Sell on a level breakthrough of 1.4050 with 1.4000 target. Stop loss = 1.4100.

    Reason for the trading strategy

    Over the last week the pound fell by almost 5 figures and this is not the limit. Expectations of a 0.7% (m/m) decline in the UK retail sales in February may provoke it to test the support level of $1.4.

     

    GBPUSD, H4

     


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