Trading signals

GBP/USD

GBPUSD

The EU reaction to Johnson's plan was chilly. Traders are hoping for a Brexit extension now.

The main scenario is a decline to the 1.2270 support. 

An alternative scenario is a rally towards the level of 1.2400. 

 

Trading recommendations

 

Sell towards 1.2270 after a break below 1.2320.

Buy the sterling towards 1.2400 when the currency pair overcomes 1.2350. 

 

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