Trading signals



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.