Exness - GBPUSD: under pressure against the background of a strengthening dollar

Sell on a level breakthrough of 1.4587 with 1.4500 target. Stop loss = 1.4640.

Reason for the trading strategy

After the stock markets opened in the UK, the GBPUSD pair is late in winning back the data on the US GDP for Q1 2016 and J.Yellen's and J.Bullard's statements. The strengthening dollar trend is evident not only for members of the US Federal Reserve, but also for ordinary market participants.

Exness - GBPUSD: under pressure against the background of a strengthening dollar

Exness - GBPUSD: under pressure against the background of a strengthening dollar

Sell on a level breakthrough of 1.4485 with 1.4400 target. Stop loss = 1.4535.


Reason for the trading strategy

This week, the dollar may be supported by the data on new home sales, durable goods orders, and the US GDP. The statistics, which is better than expected, will increase the chances of an increase in the base interest rate in the US this summer

Exness - GBPUSD: under pressure against the background of a strengthening dollar