Trading signals

GBP/USD

GBPUSD

The pound moved lower as the US dollar strengthened. Meanwhile, various election polls continued showing a substantial lead for the Conservative party.

 

The main scenario is a recovery to the 1.2940 area. 

An alternative scenario is a decline towards the 1.2760 support.

 

Trading recommendations

 

Buy the pound towards 1.2940 when the price overcomes 1.2900.

If the pair breaks 1.2850 we will neutralize our medium term positive outlook and will short to 1.2760.

 

 

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