Trading signals

GBP/USD

GBPUSD

Boris Johnson's and his Conservative party enlarged their lead against their opponents. The pound slightly eased when US bond yields provided some support to the dollar.

 

The main scenario assumes a further easing towards 1.2850. 

An alternative scenario is a return above the 1.2940 level.

 

Trading recommendations

 

If the pound overcomes 1.2900 we will neutralize our medium term positive outlook and we will short to 1.2850.

If buyers return control they may break through 1.2940 and drive the pair to the 1.3000 area.