17 July 2020, GBP/USD
GBPUSD trading plan:
Britain has not achieved a good outcome in dealing with the COVID-19 pandemic, the government's chief scientific adviser said, adding that he was sure mistakes had been made. Britain has the highest COVID-19 death toll in Europe, which, including deaths from suspected cases is nearly 56,500 according. This factor has a negative impact on economic growth in the United Kingdom. Positive macroeconomic statistics from the United States will provide additional support to the dollar. Retail sales rose 7.5% last month after jumping 18.2% in May, which was the biggest gain since the government started tracking the series in 1992.
Trading recommendation: Sell 1.2575 and take profit 1.2535.
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