Buy on a level breakthrough of 1.5500 with 1.5570 target. Stop loss = 1.5450.
Reason for the trading strategy
Uncertainty about the beginning of normalization of monetary policy in the US and the UK does not allow the GBP/USD pair to go beyond the range of 1,5418-1,5500. Meanwhile, in October, most market participants expect the US key interest to be maintained in the range of 0-0.25% and a subsequent depreciation of the dollar.
Reason for the trading strategy
Uncertainty about the beginning of normalization of monetary policy in the US and the UK does not allow the GBP/USD pair to go beyond the range of 1,5418-1,5500. Meanwhile, in October, most market participants expect the US key interest to be maintained in the range of 0-0.25% and a subsequent depreciation of the dollar.
GBPUSD: consolidation in the range of 1.5418-1.5500
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