Trading signals

GBP/USD

GBPUSD

According to the latest UK election polls the Conservative Party should win the elections in December. Meanwhile, the weak US data weighed on the dollar, the pound used this chance to remain positive.

 

The main scenario is a move towards 1.3040. 

An alternative scenario is a correction to the 1.2850 handle.

 

Trading recommendations

 

Buy the pound to the resistance 1.3040 after a confirmed break of 1.2940.

Sell the pound to 1.2850 if sellers break 1.2930.

 

New articles