22 Junio 2021, GBP/USD
GBPUSD trading plan:
The uptrend in the oil market will have a positive impact on the value of the British currency, as the assets are correlated with each other. Oil prices soared, gaining on a pause in talks to end U.S. sanctions on Iranian crude, and as the dollar retreated from two-month highs. Negotiations to revive the Iran nuclear deal took a pause on Sunday after hardline judge Ebrahim Raisi won the country's presidential election. Additionally, oil prices have drawn support from forecasts of limited growth in U.S. oil output, giving the Organization of the Petroleum Exporting Countries more power to manage the market in the short term before a potentially strong rise in shale oil output in 2022.
Investment idea: buy 1.3880 and take profit 1.3955.
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