Psychological level of 1.2600 | 12 Juli 2019

GBPUSD trading plan:

We're expecting the continuation of the bullish trend for the British currency and testing of the psychological level of 1.2600 today. The yield of 2-Year UK government bonds rose 0.06% on the week. This is a positive signal for the UK currency. Investors close short positions, which has a positive impact on the value of the pound sterling. Bullish rally in the oil market will have a positive impact on the value of the British currency, as there is a correlation between GBPUSD and #BRENT. The Fears of storm damage to oil installations in the Gulf of Mexico it will have a positive impact on the cost of oil.

Trading recommendation: Buy 1.2526 and take profit 1.2600.