13 January 2022, GBP/USD
GBPUSD trading plan:
U.S. crude oil stockpiles fell more than expected to their lowest levels since October 2018, the Energy Information Administration said. U.S. crude inventories have dropped for seven consecutive weeks, and overall inventories have been tightening across the globe as major producers struggle to increase supply even as demand rises. Major holders of crude barrels in the U.S. Gulf Coast have been reducing inventories. Overall, stocks at the Gulf, where roughly half of U.S. refining capacity is located, fell to their lowest levels since January 2020. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell by 2.5 million barrels last week, the EIA said. A positive signal for oil and the British currency, as assets correlate.
Investment idea: buy 1.3688 and take profit 1.3730.
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