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New negotiations between Britain and the European Union

New negotiations between Britain and the European Union | 22 August 2019

22 August 2019, GBP/USD

New negotiations between Britain and the European Union

GBPUSD trading plan:

We're expecting the continuation of the bullish trend on the British currency. B. Johnson holds talks with German leader on the issue of BREXIT. Germany Chancellor Angela Merkel showed readiness to renegotiate Irish backstop if Britain comes up with a sound alternative within 30 days. Traders wait of the UK PM Johnson and French President Emmanuel Macron meet. B. Johnson is ready to compromise with the leaders of the European Union. This is a positive factor for the British currency. It was high political risks that forced traders to sell the pound sterling in the last few months. Geopolitical tensions are easing.

Trading recommendation: Buy 1.2120 and take profit 1.2180.

David Johnson
Analyst of «FreshForex» company
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