Trading signals

GBP/USD

GBPUSD

Fears of a no-deal Brexit and a stronger dollar weighed the pound yesterday.

The main scenario is a bullish extension towards the area of 1.2360. 

An alternative scenario is a corrective slide to the 1.2220 support. 

 

Trading recommendations

 

Buy the sterling towards 1.2360 when the GBP/USD pair overcomes 1.2320. 

A sharp breakout below 1.2270 could spark a further fall 1.2220.