Trading signals

GBP/USD

GBPUSD

Brexit uncertainty limited the pound demand. The UK latest employment data is in focus now.

 

The main scenario is a return above the level 1.2640.

An alternative scenario is a further decline towards the 1.2500 support.

 

Trading recommendations

 

Buy the pound to 1.2700 when the pair breaks above 1.2640. 

Sell the sterling towards 1.2500 when the rate overcomes 1.2570. 

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