Trading signals

GBP/USD

GBPUSD

Talks of another lockdown and lack of progress in the Brexit negotiations weighed on the pound. Besides, the safe-haven dollar strengthened all over the market. The rise of the dollar increased the selling bias around the UK currency. 

 

The main scenario is growth to 1.2920.

The alternative scenario is a move back to 1.2730.

 

We await a break above 1.2800 to trigger a new rally towards 1.2920.

Bears will be looking for a break below the 1.2780 support to reach the 1.2730 level.

 

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