Trading signals



The UK government is developing plans to protect jobs. This news lent some support to the pound. The BoE’s negative rates are still on the table and might cap further pound's advance.


The main scenario is an incline towards 1.2800.

An alternative scenario is a return to the 1.2680 area.


Trading recommendations


The pound will get to the 1.2800 area after breaking 1.2750.

If the level 1.2730 is broken, the pound might visit the 1.2680 area.


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