Trading signals

GBP/USD

GBPUSD

Gloomy mood around the pound still persists. The Brexit uncertainty and speculation that the BOE will cut rates on January are weighing on the pound. Meanwhile, the UK is going to release employment data which might offer some support to the Cable.

 

The main scenario assumes a further recovery towards 1.3040. 

An alternative scenario is a fresh ask-wave to 1.2980. 

 

Trading recommendations

 

It would be no surprise to see GBP/USD probe the 1.3040 region after breaking the 1.3010 hurdle.

A close below 1.3000 will trigger losses towards 1.2970.

 

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