Sell on a level breakthrough of 1.4170 with 1.4050 target. Stop loss = 1.4220.
Reason for the trading strategy
The business activity index in the UK manufacturing sector rose from 50.8 p. to 51.0 p. in March, but was lower than the forecast of 51.4 p. After the publication of the US labor market data for March, the internal statistics and the dollar strengthening are putting pressure on the GBPUSD pair. Today, attention should be paid to the publication of business activity index in the UK's construction sector.
Reason for the trading strategy
The business activity index in the UK manufacturing sector rose from 50.8 p. to 51.0 p. in March, but was lower than the forecast of 51.4 p. After the publication of the US labor market data for March, the internal statistics and the dollar strengthening are putting pressure on the GBPUSD pair. Today, attention should be paid to the publication of business activity index in the UK's construction sector.
GBPUSD: consolidation above the level of 1.4170
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