Trading signals

GBP/USD

GBPUSD

Better-than-expected wages growth in the UK offered support to the pound. Still, the renewed dollar's strength limited its advance. the UK Public Sector Net Borrowing is in a spotlight today.

 

The main scenario assumes another buyers’ attempt to break 1.3080. 

An alternative scenario is a decline to 1.3000. 

 

Trading recommendations

 

If the GBP/USD pair breaks 1.3040, the rate might probe 1.3080 again.

The risk of falling towards 1.3000 will increase when sellers break 1.3040 and stay below it.

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