Everyday market report - July 17/2015

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The pound is testing the 1.5670 level

Buy on a level breakthrough of 1.5670 with 1.5770 target. Stop loss = 1.5620.

Reason for the trading strategy :
Issue of significant macroeconomic statistics for the UK is not expected today. The inflation statistics on the US is going to be the main influence on the GBP/USD pair. From a technical point of view, buying the pair should be considered above the 1.5670 resistance level.

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.


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Thanks for the signal but I am waiting to buy the GBPUSD at deep and I think it has a great opportunity to but if it breaks but buy at 1.5500 level would give us more profit.