Yesterday, the Cable added by 70 points with no clear reason
The United States didn’t submit any changes. The NAHB housing market index remained unchanged: 58 points. Today we expect a full return to normal conditions.
Today the US will present the number of building permits. It is expected to increase to 1.20 million from 1.18 million.
The UK calendar is empty today.
How to trade
On the hourly chart, the pair GBP/USD has the key levels: 1.4393, 1.4354, 1.4238, 1.4178. We continue to monitor the formation of the rising structure.
We expect the short-term upward movement in the range of 1.4354 - 1.4393. The short-term bearish movement is possible in the range of 1.4238 - 1.4178, here we have the high probability of a reversal to the upside.
We should buy call binary options if the pair rises above 1.4354. We should buy put options if the pair falls below 1.4238.
Expiry time: 20:00 GMT