EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the 1.477 level

    Buy on a level breakthrough of 1.4770 with 1.4935 target. Stop loss = 1.4720.

    Reason for the trading strategy

    Expectations of a decline in the volume of industrial orders in the UK in June have had a deterrent effect on the pound. We can start talking about strengthening of the long positions in the pound when it has confidently consolidated above the level of $ 1.477.

     

    GBPUSD, Daily

     


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