Trading signals

GBP/USD

GBPUSD

The pound remained under pressure amid concerns about Brexit and the British coronavirus situation. Markets are waiting for the outcome of the ongoing Brexit negotiations in Brussels.

 

The main scenario is rally towards 1.3000.

An alternative scenario assumes a decline to 1.2850.

 

Trading recommendations

 

A cut through 1.2930 will turn attention to the 1.3000 hurdle.

A break below 1.2900 would likely accelerate the decline leading to a test of 1.2850.

 

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