Trading signals

GBP/USD

GBPUSD

The most recent polls showed that Conservative Party still has a good chance to win the general election on December 12th. The pound further dynamics will be affected by UK election news and polls.

 

The main scenario is a turn around in the market sentiment and a decline to 1.2800. 

An alternative scenario is a return above the 1.2940 level.

 

Trading recommendations

 

Sell the pound towards 1.2800 if bears regain 1.2830.

Buy the GBP/USD pair to the resistance 1.3040 when the price breaks 1.2940.

 

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