Sell on a level breakthrough of 1.5107 with 1.5000 target. Stop loss = 1.5157.
Reason for the trading strategy
The increase in the UK business activity index in the construction sector from 57.3 p. to 57.5 p. expected in September may support the pound. Meanwhile, at the time of publication of the September statistics on the US labor market, the GBP/USD pair is likely to test the 1.5107 level.
Reason for the trading strategy
The increase in the UK business activity index in the construction sector from 57.3 p. to 57.5 p. expected in September may support the pound. Meanwhile, at the time of publication of the September statistics on the US labor market, the GBP/USD pair is likely to test the 1.5107 level.
GBPUSD: adjustment from the 1.5107 level
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