EXNESS - Analytics

    EXNESS

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    GBPUSD: under pressure before publication of inflation statistics for the UK

    Sell on a level breakthrough of 1.4115 with 1.4005 target. Stop loss = 1.4165. 

    Reason for the trading strategy

    The UK inflation statistics published today may provide some support for the pound, but its downward trend against the dollar will continue due to the threat of the UK exit from the EU. In May, consumer inflation in the UK is likely to accelerate from 0.3% to 0.4% against the background of rising oil prices. 

     

    GBPUSD, H4

     


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