Trading signals

GBP/USD

GBPUSD

Election speculation is a key factor of the positive bias around the pound. Besides, the US currency weakness provides the Cable with extra power to climb further.

 

The main scenario is a strengthening towards 1.3250.

An alternative scenario assumes a slide to 1.3050.

 

Trading recommendations

 

A break above 1.3150 can lead to a move up to the 1.3250 price.

A breakout of 1.3130 would aim traders for 1.3050.

 

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