29 августа 2019, GBP/USD
GBPUSD trading plan:
The political crisis in the UK forces investors to fix profits on long positions. The British currency showed a bullish rally for two weeks and we're expecting a technical correction. British Prime Minister Boris Johnson moved to suspend parliament, seen as a bid to limit debate ahead of the Oct. 31 deadline for the UK to leave the European Union. That increased expectations of a "no-deal Brexit," which would mean a departure without trading agreements in place. This is a negative factor for the British currency!
Trading recommendation: Sell 1.2222 and take profit 1.2180.
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