Daily Trading Signals by Exness - GBP/USD

[Exness Support]

GBPUSD: under pressure against the background of a reduction in the business activity index in the UK's manufacturing sector

GBPUSD
Lug. 2, 2015, 09:58
Sell on a level breakthrough of 1.5588 with 1.5500 target. Stop loss = 1.5640.

Reason for the trading strategy

The June decline from 52.0 p. 51.4 to p. in the business activity index in the UK's manufacturing sector and the strengthening of the US dollar in the international foreign exchange market related to the events in Greece brought the pound beyond the lower limit of the 1,5660-1,5785 range. Today, the publication of the monthly US labor market report may put pressure on the pound.



GBPUSD, H1

 

[Exness Support]

GBPUSD: consolidation before the Bank of England's meeting

GBPUSD
Lug. 9, 2015, 10:32
Buy on a level breakthrough of 1.5467 with 1.5532 target. Stop loss = 1.5417.

Reason for the trading strategy

Today, the Bank of England is likely to keep the key interest rate and the amount of asset purchases unchanged. After the publication of the June US Federal Reserve minutes, the local weakness of the US dollar is pushing the GBP/USD pair to the 1.5467 level, whose breakdown will serve as a signal for opening long positions.

GBPUSD, H4

 

[Exness Support]

GBPUSD: growth after reaching an agreement on Greek debt

GBPUSD
Lug. 13, 2015, 11:00
Buy on a level breakthrough of 1.5553 with 1.5626 target. Stop loss = 1.5503.

Reason for the trading strategy

Today, after 7.00 GMT, Head of the European Commission said that there will be no Greek exit from the euro zone. A. Merkel said that the aid program for Greece provides for an allocation of 86 billion euros over three years. The news is positive for the EU currencies



GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation in the range of 1.5560-1.5670

GBPUSD
July 20, 2015, 10:34
Buy on rebound from the level of 1.5560 with 1.5670 target. Stop loss = 1.5510.

Reason for the trading strategy

In July, the UK's Rightmove house price index increased from 4.5% (m/m) to 5.1% (m/m). The data indicates a growth of purchasing power for Australian households. This news is positive for the pound.



GBPUSD, H4

 

[Exness Support]

GBPUSD: under pressure against the background of the growing US dollar

GBPUSD
July 24, 2015, 09:20

Sell on a level breakthrough of 1.5464 with 1.5407 target. Stop loss = 1.5514.

Reason for the trading strategy

A combination of weak data on retail sales in the UK and a strong macroeconomic statistics on the US played a trick on the British currency. Yesterday the GBP/USD pair dropped out of the range of 1,5536-1,5672. In the short term, there are risks of it weakening to reach the level of 1.5407.



GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation below the level of 1.5545

GBPUSD
July 27, 2015, 10:30
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.


GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation before the publication of the PMI index in the UK services sector

GBPUSD
Aug. 5, 2015, 09:35
Sell on a level breakthrough of 1.5525 with 1.5466 target. Stop loss = 1.5575.

Reason for the trading strategy

Today at 8:30 GMT, the business activity index in UK's services sector will be published. The decline from 58.4 p. to 58.1 p., expected in July, may put pressure on the pound. At the level breakthrough of $1.5525, opening short positions in the pound should be considered.

GBPUSD, H4

 

[Exness Support]

GBPUSD: growth against the background of increasing house prices in the UK

GBPUSD
Sept. 10, 2015, 11:09
Buy on a level breakthrough of 1.5410 with 1.5502 target. Stop loss = 1.5360.

Reason for the trading strategy

The data on foreign trade and industrial production in the UK provoked a decrease in the pound to the level of 1.5337. Today it is supported by Halifax statistics on house prices in the UK. In August, the price index rose by 2.7% (m/m) with a forecast of +0.5% (m/m). In the afternoon, at the time of publication of the Bank of England's decision and the meeting minutes, the volatility of the GBP/USD pair is likely to increase.



GBPUSD, H1

 

[Exness Support]

GBPUSD: growth before the publication of the Conference Board index of leading economic indicators for the UK

GBPUSD
Oct. 12, 2015, 09:48
Buy on a level breakthrough of 1.5384 with 1.5482 target. Stop loss = 1.5334.

Reason for the trading strategy

Today 13.30 GMT, the Conference Board leading economic index for the UK will be published. If the value of the index rises, it will support the pound. At the breakthrough of the level of 1.5384, opening long positions in the GBP/USD pair is worth considering.



GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation below the level of 1.55

GBPUSD
Oct. 15, 2015, 09:21
Buy on a level breakthrough of 1.5500 with 1.5570 target. Stop loss = 1.5450.

Reason for the trading strategy

In August, the UK unemployment rate fell from 5.5% to 5.4%, while the average salary increased from 2.9% (y/y) to 3.0% (y/y). The news continues to support the pound. In the short term, the GBP/USD pair may test the level of 1.557.

GBPUSD, Daily

 

[Exness Support]

GBPUSD: consolidation in the range of 1.5418-1.5500

GBPUSD
Oct. 21, 2015, 10:58
Buy on a level breakthrough of 1.5500 with 1.5570 target. Stop loss = 1.5450.

Reason for the trading strategy

Uncertainty about the beginning of normalization of monetary policy in the US and the UK does not allow the GBP/USD pair to go beyond the range of 1,5418-1,5500. Meanwhile, in October, most market participants expect the US key interest to be maintained in the range of 0-0.25% and a subsequent depreciation of the dollar.

GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation higher than the level of 1.537

GBPUSD
Oct. 23, 2015, 08:49
Sell on a level breakthrough of 1.5370 with 1.5320 target. Stop loss = 1.5420.

Reason for the trading strategy

The pound tested the level of $1.55 after it became known that the volume of retail sales in the UK rose by 1.9% (m/m) in September, exceeding the forecast of 0.3% (m/m). However, the ECB's subsequent soft rhetoric provoked a strengthening of the global reserve currency against the EU currencies. There is a very low, but not zero probability that the Bank of England will expand the asset purchases program in 2016.

GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation in the range of 1.5410-1.5466

GBPUSD
Nov. 2, 2015, 10:26
Buy on a level breakthrough of 1.5466 with 1.5520 target. Stop loss = 1.5416.

Reason for the trading strategy

Today, attention should be paid to the publication of the business activity index in the UK and the US manufacturing sectors for October. The exit of the GBP/USD pair beyond the range of 1.5410-1.5466 will serve as a signal for an opening of respective positions.

GBPUSD, H1

 

[Exness Support]

GBPUSD: consolidation in the range of 1.5025-1.5107

GBPUSD
Nov. 9, 2015, 09:47
Sell on a level breakthrough of 1.5025 with 1.4950 target. Stop loss = 1.5075.

Reason for the trading strategy

Following the publication of the US labor market data for October, the likelihood of the US key interest rates rising in December increased to almost 70%. However, the US Federal Reserve may postpone the cycle of tightening of the interest rate policy for Q1 2016, when the inflationary pressures will start to grow steadily in the United States. The proximity of the strong support level of 1.5 keeps the GBP/USD pair away from further sales.
https://twitter.com/Exness_Support/status/663679357504778240

GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation before the publication of the retail sales in the UK

GBPUSD
Nov. 19, 2015, 11:24
Buy on a level breakthrough of 1.5294 with 1.5360 target. Stop loss = 1.5244.

Reason for the trading strategy

If a decline in retail sales in the UK is recorded in October, the GBP/USD pair may roll back to the level of 1.52. It may be supported by the weakness of the US dollar after the publication of the US Federal Reserve minutes for October. From a technical point of view, opening new long positions on the GBP/USD pair can be considered at the breakthrough of the 1.5294 level.

GBPUSD, H4