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

Publication source
Exness information  Exness reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

 FXTM Rating
OctaFX Rating
OANDA Rating
NPBFX Rating
FXCM Rating
FOREX.com Rating

UKoptions Rating
Beeoptions Rating
Dragon Options Rating
GTOptions Rating
Porter Finance Rating
TopOption Rating