04 мая 2021, GBP/USD
GBPUSD trading plan:
The uptrend in the oil market will have a positive impact on the value of the British currency, as the assets are correlated with each other. The European Union plans to ease curbs for the upcoming peak summer travel season, while states around the New York region in the U.S. will lift most of the COVID-19 capacity restrictions on businesses. Oil has jumped in 2021 as investors bet that the COVID-19 vaccinations would help it return to pre-COVID-19 levels. Organization of Petroleum Exporting Countries and allies will be cheered by the market’s strength so far in May as it eases production cuts.
Investment idea: buy 1.3860 and take profit 1.3940.
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