Trading signals

GBP/USD

GBPUSD

Disappointed UK data and BoE’s dovish comments kept weighing on the pound. Markets are waiting for UK Consumer Price index now.

 

The main scenario assumes a correction towards 1.3050. 

An alternative scenario is a decline to the 1.2910 area. 

 

Trading recommendations

 

A breakout of 1.3000 would aim us for 1.3050 afterwards.

A sharp breakout below 1.2960 could spark a further decline towards 1.2910 in the coming sessions.

 

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