Daily Trading Signals by Exness - GBP/USD

[Exness Support]

04.12.2014 8:08 GBPUSD
GBPUSD: consolidation before the Bank of England's meeting

Buy on rebound from 1.5583 level with 1.5764 target. Stop loss = 1.5520.

Reason for the trading strategy

This afternoon, a Bank of England will be held. It is expected that the national regulator will keep its key interest rate in the country and the amount of asset purchases unchanged at 0.5% and 375 billion. pounds. In the short term, the GBPUSD pair may decline to the support level of 1.5583 against the background of a possible strengthening of the US dollar against the euro.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Dec. 18, 2014, 07:20

Buy on a level breakthrough of 1.5601 with 1.5700 target. Stop loss = 1.5540.

Reason for the trading strategy

Today at 9.30 GMT, the figures for the UK retail sales will be published. The 0.3% (m/m) growth rate expected in November will signal an increase in consumer spending of British households and will provide support for the pound.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Dec. 19, 2014, 08:53

Buy on a level breakthrough of 1.5676 with 1.5755 target. Stop loss = 1.5610.

Reason for the trading strategy

The November retail sales growth in the UK amounted to 6.5% with a forecast of 4.5% per annum. The data, which was noticeably better than the forecast, provided substantial support for the pound. In the short term, the pound is likely to test the 1.5755 level.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Jan. 13, 2015, 08:58

Sell on a level breakthrough of 1.5129 with 1.5054 target. Stop loss = 1.5189.

Reason for the trading strategy

This afternoon the UK's producer and consumer price indices for the month of December will be published. The expected reduction in these indicators will help maintain a soft monetary policy in the country.

GBPUSD, H4

 

[Exness Support]

GBPUSD: consolidation in the 1.5127 - 1.5189 range

GBPUSD
Jan. 14, 2015, 08:46

Sell on a level breakthrough of 1.5127 with 1.5056 target. Stop loss = 1.5189.

Reason for the trading strategy

The December decline in the consumer price index the UK from 1.0% to 0.5% per annum reduced the likelihood of a tighter monetary policy in this country in the next six months. According to the Bank of England's estimates, which were given in Q4 2014, a possible increase in the key rate to the 0.75% level will not occur earlier than in Q3 2015. The lower prices for oil and other commodities has contributed to a drop in inflation in the UK. In the short term, the pound is likely to test the 1.5056 support level again.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Jan. 27, 2015, 08:57
Buy on a level breakthrough of 1.5111 with 1.5200 target. Stop loss = 1.5056.

Reason for the trading strategy

Today at 9.30 GMT, the UK's GDP for Q4 will be published 2014. The expected acceleration of the annual GDP growth rates from 2.6% to 2.8%, will probably provide support for the pound. On a resistance level breakthrough of 1.5111, opening long positions on the pound is worth considering.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Jan. 29, 2015, 09:17
Sell on a level breakthrough of 1.5118 with 1.5056 target. Stop loss = 1.5170.

Reason for the trading strategy

The British pound has come under pressure after the US Federal Reserve meeting that was just held. The US regulator predicts a short-term decline in inflation in the country due to the fall in energy prices. At the same time, the US Federal Reserve noted that the US economy continues to grow, at a "a steady pace." The breakthrough of the support level of 1.5116 = 38.2% Fibonacci form the impulse of 1,4950-1,5225 will serve as signal for opening short position on the pound.

GBPUSD, H4

 

[Exness Support]

GBPUSD
Feb. 6, 2015, 09:06
Buy on a level breakthrough of 1.5370 with 1.5500 target. Stop loss = 1.5300.

Reason for the trading strategy

Today at 9.30 GMT, the data on foreign trade in the UK will be published. The expected reduction in the trade balance from -8.8 billion to -9.0 billion pounds in the December is likely to put slight pressure on the national currency. Weak macroeconomic reports on the US are pushing the GBP/USD pair to conquer new peaks.

GBPUSD, Daily

 

[Exness Support]

GBPUSD: growth after M. Carney's statement
GBPUSD
Feb. 13, 2015, 09:26
Buy on a level breakthrough of 1.5419 with 1.5500 target. Stop loss = 1.5370.
Reason for the trading strategy
Yesterday the head of the Bank of England said that because of the low inflation, the Bank of England may resort to softening the monetary policy (in 2015). However, in 2016, the regulator will begin raising its key interest rate, bringing it to 1% by the beginning of 2017. According to Mark Carney, a more rapid increase in the basic interest rate may be required.
GBPUSD, H4

 

[Exness Support]

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

 

[Exness Support]

GBPUSD
April 10, 2015, 09:53
Sell on a level breakthrough of 1.4687 with 1.4634 target. Stop loss = 1.4737.

Reason for the trading strategy

In February, the UK's trade balance declined, reaching -10.3 billion pounds with a forecast of -8.9 billion pounds. The decline in this index, which is included in the structure of the UK's GDP, puts pressure on the pound. Today, the February statistics on the volume of industrial production in the UK may provide support for the British currency.

GBPUSD, H1

 

[bellafx]

Is it going good today friend ?

 

[Exness Support]

GBPUSD: consolidation below the 1.508 resistance level
GBPUSD
April 24, 2015, 08:17
Buy on a level breakthrough of 1.5080 with 1.5160 target. Stop loss = 1.5020.
Reason for the trading strategy
Despite the 0.5% (m/m) decline in the UK retail sales in March, the GBP/USD pair maintained the 1.5 level against the background of a weakness of the US dollar. The growth in the number of initial unemployment benefits claims in the US to 295 thousand over the past week, which exceeded the forecast of 288 thousand, put pressure on the world's reserve currency.
GBPUSD, H4

 

[Exness Support]

GBPUSD

May 11, 2015, 09:51

Buy on a level breakthrough of 1.5525 with 1.5625 target. Stop loss = 1.5475.

Reason for the trading strategy

Today at 11.00 GMT, the Bank of England will announce its decision on the key interest rate and the

asset purchases program. No surprises are expected. The zero inflation rate in the country does not

allow the regulator to start tightening the monetary policy. During the day, the pair will be impacted by

the dynamics of the US dollar against the euro. On a resistance level breakthrough of 1.5525, opening

long positions on the pound is worth considering.

GBPUSD, H4

 

[Exness Support]

GBPUSD: growth prior to the publication of data on the volume of industrial production in the UK

GBPUSD
May 12, 2015, 09:18
Buy on a level breakthrough of 1.5615 with 1.5750 target. Stop loss = 1.5565.

Reason for the trading strategy

As expected, the Bank of England did not change the parameters of monetary policy in the country yesterday. Today, the data on industrial production in the UK may support the pound. On a resistance level breakthrough of 1.5615, opening long positions on the pound is worth considering.

GBPUSD, H4

 

[Exness Support]

GBPUSD:consolidation before the publication of the Bank of England's quarterly report on inflation

GBPUSD
May 13, 2015, 08:53
Buy on a level breakthrough of 1.5710 with 1.5800 target. Stop loss = 1.5650.

Reason for the trading strategy

The publication of the March data on the volume of industrial production in the UK has provided substantial support to the pound. In the reporting period, the indicator increased by 0.5% (m/m) with a forecast of 0.0% (m / m). Today, market participants' attention will be riveted to the Bank of England's quarterly report on inflation and the speech given by its Head Mark Carney.



GBPUSD, H1

 

[Exness Support]

GBPUSD: growth after the publication of the Bank of England and the US Federal Reserve minutes

GBPUSD
Mag. 21, 2015, 09:30
Buy on a level breakthrough of 1.5566 with 1.5630 target. Stop loss = 1.5516.

Reason for the trading strategy

The Bank of England and the US Federal Reserve minutes published yesterday turned out to be soft. All the nine members of the Bank of England Monetary Policy Committee were in favor of keeping the key interest rate and the asset purchase program unchanged, as expected. The surprise came from the US Federal Reserve, who doubted the need for an increase of the US federal funds rate in June. Today, the April statistics on retail sales in the UK may provide support for the pound.


GBPUSD, H1

 

[Exness Support]

GBPUSD: under pressure against the background of inflation expectations growth in the US

GBPUSD
Mag. 25, 2015, 09:55
Sell on a level breakthrough of 1.5465 with 1.5352 target. Stop loss = 1.5515.

Reason for the trading strategy

The April increase in core inflation in the US by 0.3% (m/m) enhanced the likelihood of increase in the US federal funds rate at the end of 2015 and supported the global reserve currency. After an adjustment, opening of short positions on the pound may be considered at the breakthrough of the $1.5465 level.



GBPUSD, H4

 

[Exness Support]

GBPUSD: growth before the publication of the UK GDP

GBPUSD
May. 28, 2015, 09:18
Buy on a level breakthrough of 1.5375 with 1.5437 target. Stop loss = 1.5325.

Reason for the trading strategy

Today at 8.30 GMT, the second estimate for the UK GDP for Q1 2015 will be published. If the figure is revised in the growth direction from 0.3% (q/q) to 0.4% (q/q), the demand for the pound will rise. This is supported by the good dynamics in consumer spending of British households.



GBPUSD, H1

 

[Exness Support]

GBPUSD:consolidation before the Bank of England's meeting

GBPUSD
June 4, 2015, 09:47
Buy on a level breakthrough of 1.5375 with 1.5450 target. Stop loss = 1.5325.

Reason for the trading strategy

In May, the business activity index in the UK services sector fell from 59.5 p. to 56.5 p., not allowing the pound to rise above the 1.5375 level yesterday. Today, market participants' attention will be focused on the Bank of England. It is expected that the regulator will keep its key interest rate and volume of asset purchases unchanged. The regulator will probably present new projections for inflation and growth rate of the British economy.



GBPUSD, H4