27 Julio 2020, GBP/USD
GBPUSD trading plan:
Negative real rates in the U.S. encourage investors to increase their long positions in the British currency. The Federal Reserve has devised loans and other market and economic support programs worth hundreds of billions of dollars to offset negative effects to growth from the coronavirus. The dollar’s slump is not ending anytime soon. U.S. Congress has passed three coronavirus stimulus packages worth $3.3 trillion and is debating a fourth one anticipated to cost another $1 trillion plus. This factor increases the dollar liquidity in the banking system.
Trading recommendation: Buy 1.2785 and take profit 1.2830.