Buy on a level breakthrough of 1.4362 with 1.4479 target. Stop loss = 1.4312.
Reason for the trading strategy
The pound has slightly adjusted from the resistance level of $1.4362 after the publication of the UK house prices statistics. Nationwide has reported that their growth in January amounted to 4.4% (y/y), with a forecast of 4.7% (y/y). However, the GBPUSD pair may test the level of 1.4493 in the evening, if the US Federal Reserve rhetoric is soft.
Reason for the trading strategy
The pound has slightly adjusted from the resistance level of $1.4362 after the publication of the UK house prices statistics. Nationwide has reported that their growth in January amounted to 4.4% (y/y), with a forecast of 4.7% (y/y). However, the GBPUSD pair may test the level of 1.4493 in the evening, if the US Federal Reserve rhetoric is soft.
The pound is "eyeing" the level of $1.4479
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