British voters helped the pound to reach the $1.55 level.

May 8, 2015

Buy on a level breakthrough of 1.5531 with 1.5750 target. Stop loss = 1.5450.

Reason for the trading strategy
According to the exit poll, the Conservatives, who can get 316 seats in a 650-seat parliament, are in the lead in the UK parliamentary elections, while the Labor party has only 239 seats, the Scottish National Party (SNP) has 58 seats, the Liberal Democrats - 10 seats, and the United Kingdom Independence Party (UKIP) has 2 seats. The British currency reacted to this data by increasing, reaching the level of $1.55. Today, a fixation of long positions in the pair GBP/USD is possible at the moment of publication of data on the US labor market.

GBPUSD, Daily

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