The inflow of capital into high-yield assets | 04 نوفمبر 2019
04 نوفمبر 2019, GBP/USD
GBPUSD trading plan:
The inflow of capital into high-yield assets will have a positive impact on the value of the British currency. U.S.-China trade news remained supportive for high-yield assets, as Beijing's state-media Xinhua News Agency reported the two countries have "reached consensus on principles." Earlier, U.S. Commerce Secretary Wilbur Ross said the "phase one" trade pact with China appeared in good shape. A bullish rally in the oil market will provide additional support to the British currency, as the pound sterling and oil correlate with each other.
Trading recommendation: Buy 1.2920 and take profit 1.2965.
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.
