Trading signals

GBP/USD

GBPUSD

The pound kept losing ground amid growing Brexit pessimism. More losses may come today.

 

The main scenario is a short-term growth to the 1.2270.

An alternative scenario is a further decline towards the area of 1.2150.

 

Trading recommendations

 

Buy the pound towards 1.2270 when the GBP/USD pair overcomes 1.2240. 

A move below 1.2270 will be a signal of a decline to 1.2150.