GBPUSD
Sept. 10, 2015, 11:09
Buy on a level breakthrough of 1.5410 with 1.5502 target. Stop loss = 1.5360.
Reason for the trading strategy
The data on foreign trade and industrial production in the UK provoked a decrease in the pound to the level of 1.5337. Today it is supported by Halifax statistics on house prices in the UK. In August, the price index rose by 2.7% (m/m) with a forecast of +0.5% (m/m). In the afternoon, at the time of publication of the Bank of England's decision and the meeting minutes, the volatility of the GBP/USD pair is likely to increase.
Sept. 10, 2015, 11:09
Buy on a level breakthrough of 1.5410 with 1.5502 target. Stop loss = 1.5360.
Reason for the trading strategy
The data on foreign trade and industrial production in the UK provoked a decrease in the pound to the level of 1.5337. Today it is supported by Halifax statistics on house prices in the UK. In August, the price index rose by 2.7% (m/m) with a forecast of +0.5% (m/m). In the afternoon, at the time of publication of the Bank of England's decision and the meeting minutes, the volatility of the GBP/USD pair is likely to increase.
GBPUSD: growth against the background of increasing house prices in the UK
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