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GBP/USD trading signal - Brexit white paper - 12 Jul 2018

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Signal details
Entry Price: 
1.3240
Close Price: 
1.3204
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 6 ratings

GBPUSD is pushing to reach important level 1.3220, we would expect the currency pair to break that level and touch 1.3240 before it drops again. The price action will be mostly likely settled in the range 1.3180 - 1.3240. The UK government is scheduled to publish Brexit “white paper” laying out Britain’s future relationship with the EU. It is an important event that will no doubt be followed by all traders and the markets will react.

gbpusd trading signal 12 jul 2018

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.