Sell on a level breakthrough of 1.5304 with 1.5222 target. Stop loss = 1.5354.
Reason for the trading strategy
The data for UK GDP for Q3 2015 will become known to the market participants today. Expectations of the growth rate slowing down from 0.7% (q/q) to 0.6% (q/q) can put pressure on the pound.
Reason for the trading strategy
The data for UK GDP for Q3 2015 will become known to the market participants today. Expectations of the growth rate slowing down from 0.7% (q/q) to 0.6% (q/q) can put pressure on the pound.
GBPUSD: consolidation before the publication of the UK GDP
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