Sell on a level breakthrough of 1.3205 with 1.3046 target. Stop loss = 1.3255.
Reason for the trading strategy
The current growth of the pound is connected with the investors' hopes for rapid and effective reforms in the UK after the ending of the political uncertainty period in the country. Meanwhile, at the moment no one knows under what conditions the UK will leave the EU. To reduce the UK trade deficit it is necessary to have a weaker domestic currency.
Reason for the trading strategy
The current growth of the pound is connected with the investors' hopes for rapid and effective reforms in the UK after the ending of the political uncertainty period in the country. Meanwhile, at the moment no one knows under what conditions the UK will leave the EU. To reduce the UK trade deficit it is necessary to have a weaker domestic currency.
Exness - GBPUSD: consolidation in the range of 1.3205-1.3335
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