The deal is in everybody’s interest | 11 Octubre 2019
11 Octubre 2019, GBP/USD
GBPUSD trading plan:
We are expecting the bullish rally to continue today! U.K. Prime Minister Boris Johnson hosted Irish premier Leo Varadkar. Varadkar said he believed a deal is possible before the end of the month, and urged negotiators to resume talks in Brussels.Both leaders “continue to believe that a deal is in everybody’s interest”. This factor caused a strong rally with the bulls. The uptrend in the oil market will provide additional support to the British currency today, as there is a correlation between GBPUSD and BRENT.
Trading recommendation: Buy 1.2445 and take profit 1.2500.
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.
