On Friday, the US dollar strengthened after an emotional loss.
The US Michigan Consumer Sentiment Index rose from 87.2 to 91.6 in November. The gold lost -2.54%, the oil dropped by -1.23% and descended below $45 per barrel. The pair GBP/USD descended to the 1.2545 area.
Today, the United Kingdom and the United States have an empty economic calendar.
This morning, Japan has published the GDP data for the third quarter, the economic growth showed 0.5% vs. 0.2%. The consumer spending during the same period increased by 0.1% vs. 0.0%, which created a positive start to the day.
Tomorrow the US will present data on retail sales, which are projected a slight decline. The UK is to publish data on the CPI, which is expected to decline from 1.5% y/y to 1.4% y/y.
How to trade binary
On the hourly chart, the pair GBP/USD has the key levels: 1.2657, 1.2532, 1.2491, 1.2436. The continuation of upward movement forward is possible after the breakdown of 1.2657, in this case, the target - 1.2727. The short-term downward movement is possible in the range of 1.2532 - 1.2491, the breakdown of the 1.2491 will lead to a deep correction, the goal - 1.2436.
We would buy Call options if the pair GBP/USD rises above 1.2657. We would buy Put options if the pair falls below 1.2532.
Expiry time: 21:00 GMT