Trading signals

GBP/USD

GBPUSD

 

Renewed Brexit optimism and weak US data helped the pound to surge to 1-week peaks. The sterling is eyeing the 1.2420 hurdle now.

The main scenario is a decline to the 1.2300 area. 

An alternative scenario is a jump to 1.2420. 

 

Trading recommendations

 

Sell towards 1.2300 after a break below 1.2330.

Buy the Cable towards 1.2420 when the rate overcomes 1.2360.

 

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