Trading signals

GBP/USD

GBPUSD

UK elections expectations supported the Cable on Friday. Besides, the pound moved higher when the dollar lost strength amid lower yields.

 

The main scenario is a return to the 1.2850 region. 

An alternative scenario assumes an increase to the 1.2980 level.

 

Trading recommendations

 

The pound will have a potential to reach 1.2850 after breaking through 1.2900.

A breakout through 1.2940 could spark a further rally towards 1.2980