EXNESS - Analytics

    EXNESS

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    Real

    GBPUSD: consolidation below the level of 1.4580

    Buy on a level breakthrough of 1.4580 with 1.4650 target. Stop loss = 1.4530.

    Reason for the trading strategy

    Today's rally of the pound (according to rumors) was a result of a very large and incorrectly entered application for purchase, execution of which triggered a cascade-like execution of stops.  J.Yellen's soft rhetoric provided additional support for the GBPUSD pair in respect of the US monetary policy.
     

    GBPUSD, H1

     


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