Trading signals

GBP/USD

GBPUSD

The pound strengthened amid renewed Brexit hopes and weak dollar.

 

The main scenario is a return to the area of 1.2380.

An alternative scenario is a further rally to the 1.2500 resistance.

 

Trading recommendations

 

Sell the pound to 1.2380 when the pair bounces from 1.2450. 

Buy the pair towards 1.2500 when the price overcomes 1.2450.