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Message: [QUOTE="Exness Support, post: 78368, member: 30713"] GBPUSD: consolidation higher than 1.5340 support level GBPUSD Feb. 18, 2015, 08:38 Buy on a level breakthrough of 1.5400 with 1.5500 target. Stop loss = 1.5390. Reason for the trading strategy The publication of the inflation statistics for the UK briefly allowed the pound to adjust to the 1.5400 level. Despite the January decline of the CPI from 0.5% (y/y) to 0.3% (y/y), the core index was marked by a growth from 1.3% (y/y) to 1.4% (g/g). According to Mark Carney, in the first half of 2015, the price pressures in the country will be low because of the low oil prices. Meanwhile, the Bank of England expects that the price of BRENT crude oil may grow to $ 70 per barrel towards the end of the year. This will create preconditions for increasing the key interest rate. Today, the statistics on the UK labor market is likely to provide support for the pound. GBPUSD, H4 [img] https://www.exness.com/media/media/2015/02/18/2.png[/img] [/QUOTE]

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