Trading signals

GBP/USD

GBPUSD

Weak UK CPI weighed on the pound. Today traders will focus their attention to the latest retail sales data for some short-term impetus.

 

The main scenario is a return to the 1.2760 level and bounce off it. 

An alternative scenario assumes a growth to the 1.2950 resistance.

 

Trading recommendations

 

Wait until the sterling touches 1.2760 and buy the spot towards 1.2860.

Buy the Cable towards 1.2950 when the price overcomes 1.2850.