Correlation between GBPUSD and oil | 30 Desember 2019

GBPUSD trading plan:

We are expecting an uptrend for the British currency to develop. British Prime Minister Boris Johnson told Scottish First Minister Nicola Sturgeon he would not support her plan for a second independence referendum. The Prime Minister made clear how he remained the result of the 2014 referendum was decisive and should be respected. This is a positive signal for the British currency! The oil market will provide additional support to the pound. Oil touched three-month highs on a combination of U.S. crude inventory drawdown’s, trade optimism and unrest in the Middle East.

Trading recommendation: Buy 1.3075 and take profit 1.3120.