The negative signal for “high-yield” assets | 28 مايو 2020
28 مايو 2020, GBP/USD
GBPUSD trading plan:
We are expecting a downtrend to develop. China's parliament, the National People's Congress, approved a decision to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could undermine its autonomy. China says the legislation will be aimed at tackling secession, subversion, terrorism and foreign interference in the city but the plan, unveiled in Beijing last week, triggered the first big protests in Hong Kong for months. This is a negative signal for “high-yield” assets.
Trading recommendation: Sell 1.2260 and take profit 1.2210.
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.
