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GBP/USD LONG

by SignalFactory   ·  August 8, 2019 | 03:46:52 UTC  

GBP/USD LONG

by SignalFactory   ·  August 8, 2019 | 03:46:52 UTC  

GBP/USD is holding in on the 1.21 handle with a tendency to the upside, having traveled from a low of 1.2121 to a high of 1.2190. The Dollar of late has been under fire due to the fall out between the Chinese and the US over trade. The US yields have been in freefall while, to the contrary, the BoE looks set to go and raise rates at some time whenever the Brexit malice is put to bed, or on the verge of a solution.

For now, sentiment for Brexit as well as trade should remain rocky and that should reinforce support of safe havens, (but not the Dollar), but depending on which geopolitical gridlock looks set to be resolved positively first, there lies within the trade.

GBP/USD LONG (Buy)

ENTER AT: 1.2165

T.P: 1.2190

S.L:1.2122

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