13 September 2019, GBP/USD
GBPUSD trading plan:
Good news for the British currency. The European Union is prepared to grant another BREXIT extension to the U.K. to prevent the country from leaving the bloc without deal. This factor caused a rise in the yield of 2-Years UK Government bonds. The Bank of England will not cut interest rates this autumn. Reducing geopolitical tensions allows investment funds to increase long positions on the British currency. The difference between the interest rates of the Bank of England and the Federal Reserve will have a positive impact on the value of the pound.
Trading recommendation: Buy 1.2327 and take profit 1.2380.