GBPUSD: consolidation before the publication of retail sales statistics in the UK

March 26, 2015

Buy on a level breakthrough of 1.4900 with 1.4975 target. Stop loss = 1.4850.

Reason for the trading strategy
Today at 9.30 GMT, the data on retail sales in the UK will be published. The 0.4% (m/m) growth in this index, expected in February may support the pound. Opening long positions in the GBPUSD pair is worth considering at a breakthrough of the 1.49 level.


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