Trading signals

GBP/USD

GBPUSD

Speculation about possible PM Johnson's victory helped the pound to stay in an ascending channel. The downbeat US data supported the Cable as well.

 

The main scenario is a further rally towards 1.3150.

An alternative scenario assumes a move below 1.3080 and a short-term downward correction.

 

Trading recommendations

 

If bulls leave behind 1.3080 they will easily print a fresh high at 1.3150. 

Broken barrier at 1.3080 will open doors towards the 1.3010-1.3000 region.

 

New articles