Buy on a level breakthrough of 1.5545 with 1.5600 target. Stop loss = 1.5495.
Reason for the trading strategy
Today at 10.00 GMT, the production orders balance in the UK will be published. The indicator's growth from -7 to -4 p., expected in July, may provide support for the pound. At a breakthrough of the level of 1.5545, opening long positions in the GBP/USD pair is worth considering
Risk Warning: Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all of your invested capital.
Reason for the trading strategy
Today at 10.00 GMT, the production orders balance in the UK will be published. The indicator's growth from -7 to -4 p., expected in July, may provide support for the pound. At a breakthrough of the level of 1.5545, opening long positions in the GBP/USD pair is worth considering
Risk Warning: Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all of your invested capital.
GBPUSD: consolidation below the level of 1.5545
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