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Geopolitical tensions in the Middle East

Geopolitical tensions in the Middle East | 06 January 2021

06 January 2021, GBP/USD

GBPUSD trading plan:

Tehran said that it would start processing uranium to 20% purity, which would mark a further breach of a nuclear deal that Trump, who leaves office Jan. 20, abandoned in 2018. That announcement came shortly after Washington decided to keep the USS Nimitz in the Persian Gulf because of “recent threats” from Iran’s leaders against Trump. The aircraft carrier had been set to leave the region. On Dec. 31, a mine was discovered attached to the hull of an oil tanker off Iraq, near the Iranian border. A ship at the Saudi Red Sea port of Jeddah was hit by an explosion earlier in the month, which Riyadh labeled an act of terror. This is a positive signal for oil and the British currency, as assets are correlated with each other.

Investment idea: Buy 1.3595 and take profit 1.3666.

David Johnson
Analyst of «FreshForex» company
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