The negative signal for “high-yield” assets | 28 Mei 2020

28 Mei 2020, GBP/USD

The negative signal for “high-yield” assets

GBPUSD trading plan:

We are expecting a downtrend to develop. China's parliament, the National People's Congress, approved a decision to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could undermine its autonomy. China says the legislation will be aimed at tackling secession, subversion, terrorism and foreign interference in the city but the plan, unveiled in Beijing last week, triggered the first big protests in Hong Kong for months. This is a negative signal for “high-yield” assets.

Trading recommendation: Sell 1.2260 and take profit 1.2210.

David Johnson
Analyst of «FreshForex» company
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