26 November 2019, GBP/USD
GBPUSD trading plan:
The demand for "high-yield" assets will positively affect the value of the British currency. Investors are increasing long positions in the stock markets, in the oil market. This is a positive signal for the pound sterling! Chinese state-backed Global Times newspaper reported that the Washington and Beijing were “very close” to a deal on trade. “Both sides discussed resolving core issues of common concern, reached consensus on how to resolve related problems and agreed to stay in contact over remaining issues for a phase one agreement,” the China’s Ministry of Commerce statement said.
Trading recommendation: Buy 1.2888 and take profit 1.2940.
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