The political crisis | 28 May 2019

28 May 2019, GBP/USD

The political crisis

GBPUSD trading plan:

The political crisis in the United Kingdom has a negative impact on the value of the British currency. Investment funds are actively selling the British currency - the COT index is testing the minimum level for the last two months. This is a negative signal for British assets. Investors are tired of political uncertainty about BREXIT. Speculative positions on the sale of the British currency are increasing every trading day. We are recommending not trading the British currency today. Political news is hard to trade. We recommend trading BRENT – buy 68.10 and target 69.50

Trading recommendation: range 1.2640 -1.2720.

David Johnson
Analyst of «FreshForex» company
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