Sell on a level breakthrough of 1.5281 with 1.5222 target. Stop loss = 1.5331.
Reason for the trading strategy
UK's GDP increased by 0.5% (q/q) in Q3 2015, with a forecast of +0.6% (q/q). The news did not put significant pressure on the pound. The uncertainty about the timing of raising of the key interest rates in the US keeps the GBP/USD pair away from massive sales. From a technical point of view, the breakthrough of the support level of 1.5281 will serve as a signal for a liquidation of long positions in the pair.
Reason for the trading strategy
UK's GDP increased by 0.5% (q/q) in Q3 2015, with a forecast of +0.6% (q/q). The news did not put significant pressure on the pound. The uncertainty about the timing of raising of the key interest rates in the US keeps the GBP/USD pair away from massive sales. From a technical point of view, the breakthrough of the support level of 1.5281 will serve as a signal for a liquidation of long positions in the pair.
GBPUSD: consolidation higher than the level of 1.5281
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