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High risk | 17 June 2019

17 June 2019, GBP/USD

High risk

GBPUSD trading plan:

Investment funds increase sales of the British currency. CFTC reports indicate an increase in the speculative sale of the sterling's. High political risks force investors to sell British assets. B. Johnson said he was ready for a conflict with the European Union. This conflict could cause a recession in the United Kingdom economy. B. Johnson often criticizes the European Union and is gaining popularity in the British Parliament. Investors don't like risks. Investors direct capital to assets with little risk. We are expecting a decline in the value of the British currency today.

Trading recommendation: Sell 1.2617 and take profit 1.2580.

David Johnson
Analyst of «FreshForex» company
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