EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation below the level of 1.485

    Buy on a level breakthrough of 1.4850 with 1.4950 target. Stop loss = 1.4800.

    Reason for the trading strategy

    According to various polls, the number of supporters and opponents of the UK's exit from the EU is about the same. Given the continued uncertainty, large hedge funds will reduce the number of positions in risky assets. Markets will act out the first results of the UK referendum on Friday after 2 AM Moscow time, and the final results will be known after 9 AM Moscow time. From a technical point of view, purchases in the GBPUSD pair can be considered above the level of 1.485, but the risk of its opening with a gap (up/down) tomorrow should be taken into account.

     

    GBPUSD, H1

     


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