EXNESS - Analytics


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    The pound is adjusting upwards after the publication of the statistics on the UK labor market

    Sell on a level breakthrough of 1.4089 with 1.4005 target. Stop loss = 1.4140. 

    Reason for the trading strategy

    In May, consumer inflation in the UK was 0.3% against the forecast of 0.4% per annum. The statistics indicates a maintaining of low inflationary pressures and does not imply an early tightening of the UK monetary policy. At present, the pound is adjusting upwards against the background of the information on the decline in the unemployment rate in the country from 5.1% to 5% in April. The GBPUSD pair breaking through the support level of 1.4089 will signal a resumption of sales in it.


    GBPUSD, H4


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