Trading signals

GBP/USD

GBPUSD

 

Traders' attention switched to the UK data. The markets will monitor the economic outlook for the UK economy today.

 

The main scenario is a step back to the area of 1.2270.

An alternative scenario is a further downside to the 1.2150 area.

 

Trading recommendations

 

Buy the pound towards 1.2270 when the currency pair overcomes 1.2240. 

Sell the pound to 1.2150 when it moves below 1.2220.