Good and bad news for the British currency | 23 Juli 2019
23 Juli 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The good news is the bullish rally in the oil market. The British currency and oil are correlated. Geopolitical tensions in the Persian Gulf are forcing traders to increase their long positions #BRENT. Traders continued to monitor the developments in Iran. We're expecting testing of the level of 64.30. The bad news is the high political risks in the United Kingdom. Boris Johnson has pledged to leave the EU with or without a deal on Oct. 31. Investment funds increase sales of the British currency.
Trading recommendation: range 1.2400 -1.2465.
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.
