The pound is testing the support level of 1.5465

22 September, 2015

Sell on a level breakthrough of 1.5465 with 1.5400 target. Stop loss = 1.5515.

Reason for the trading strategy

Today at 10:00 GMT, the CBI balance of manufacturing orders for the UK will be published. The indicator's growth from -1 to 0 p., expected in September, can provide slight support for the pound. Meanwhile, from a technical point of view, the GBP/USD pair breaking through the level of 1.5465 may cause it to test the mark of 1.54.


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