The technical correction of the British currency | 05 يونيو 2019
05 يونيو 2019, GBP/USD
GBPUSD trading plan:
We are expecting the technical correction of the British currency to continue. Investors close short positions on the British currency. Traders are expecting Federal Reserve interest rates to decline at the meeting on July 31. This is a negative factor for the U.S. dollar. The bullish trend in the oil market will have a positive impact on the value of the British currency today. Investors are closing short positions in BRENT. The decline in oil production by OPEC+ countries will have a positive impact on the cost of “black gold”.
Trading recommendation: Buy 1.2685 and take profit 1.2754.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
