LONG:GBP/USD A Quiet Week Ahead

Trading volume is likely to be low this trading week amid holidays. Look at price touching our support for an entry … The economic calendar shows a few releases. On Monday in the US, the Durable Goods Order report is due. Trump’s impeachment and the negotiations between the US and China could dominate headlines.

“In the UK, focus is on the Brexit process but given PM Boris Johnson’s large majority, it seems that nothing can prevent the UK from leaving the EU by 31 January. Focus is set to turn to the upcoming negotiations on the future relationship. Investors, who initially rallied on Johnson’s big election victory, have become more concerned this week, as he intends to write into law that the transition period cannot be extended”, explained analysts at Danske Bank.

Signal Specification

Entry Type:Long
Entry: 1.27938
Tp: 1..33123
Sl: 1.26056
R/R: 2.76
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22 Dec 2019 3:21 pm Posted by admin