Trading signals

GBP/USD

GBPUSD

UK Parliament finally agreed to have a general election on December the 12th. This news supported the pound which also gained momentum after the Fed rate cut.

 

The main scenario is a further extension of the positive momentum towards 1.3000. 

An alternative scenario is a pull back to the 1.2860 area.

 

Trading recommendations

 

A break of 1.2940 resistance can lead to 1.3000

A bear breakout below 1.2900 will trigger fresh losses towards 1.2860.

 

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