GBPUSD: growth before the publication of the unemployment rate in the UK

April 17, 2015

Buy on a level breakthrough of 1.4980 with 1.5050 target. Stop loss = 1.4930.

Reason for the trading strategy
The British currency, having upgraded its annual minimum at the beginning of the week, can now try to gain a foothold above the strategic mark of 1.5. The negative macroeconomic statistics on the US (retail sales, industrial production, the number of unemployment benefit claims, the construction sector) puts pressure on the world's reserve currency. The decline in the UK unemployment rate from 5.7% to 5.6% expected in February is likely to push the GBP/USD pair to the 1.5050 level.

GBPUSD, H4

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