GBPUSD: growth before the publication of the UK's GDP

February 26, 2015

GBPUSD
Buy on a level breakthrough of 1.5553 with 1.5623 target. Stop loss = 1.5500.

Reason for the trading strategy
Today at 9.30 GMT, the second estimate of the UK's GDP will be published. If it exceeds 0.5% (q/q) in Q4 2014, the demand for the pound will rise. Opening long positions in the GBP/USD pair should be considered at a breakthrough of the 1.5553 resistance level.

GBPUSD, Daily

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