GBPUSD: consolidation higher than 1.5259 support level

May 29, 2015

Sell on a level breakthrough of 1.5259 with 1.5165 target. Stop loss = 1.5310.

Reason for the trading strategy

The British currency remained under pressure after the publication of insufficiently strong data on the UK GDP for Q1 2015. In the reporting period, the indicator increased by 0.3% (q/q), being lower than the forecast of +0.4% (q/q). At a breakthrough of the 1.5259 support level, opening short positions in the pound is worth considering

Publication source
EXNESS information  EXNESS reviews

January 17, 2017
ECB policy was focused on avoiding deflation trap
Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...
January 17, 2017
Trump's inauguration and May's speech to shape up the markets this week
Markets started the week with no sharp changes and lower trading volumes, due to the Martin Luther King Day in the US, ahead of the crucial monetary policy decisions of the ECB and BoC...
January 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM...

Vantage FX Rating
XTB Rating
EXNESS Rating
Trade360 Rating
HotForex Rating
Larson&Holz IT Ltd Rating

IQ Option Rating
Empire Option Rating
OptionFair Rating
TropicalTrade Rating
Porter Finance Rating
OptionsXO Rating