FX.co ★ Pound is on the brink

Good day, dear traders! I present you, an analysis for the GBP/USD pair.

Against the background of the strengthening dollar, the weakest data of the UK economy drove the pair to the round level of 1.3. Despite this, buyers of the asset still have two hopes for controlling the risks, which are the levels of 1.29500 and 1.29000:

Today, at 10:30 London time, important news that could affect the dynamics of the pound will be released:

I recommend working downwards after the release of negative news on the asset, or working out the "stretch before the news" pattern, which was implemented last time.

Be reminded:

Good luck in trading and control your risks!