05 Agustus 2020, GBP/USD
GBPUSD trading plan:
The slide of long-term U.S. Treasury yields is a good signal for the British currency. Real negative interest rates in the United States are forcing investors to increase their long positions in the British currency. The three-month dollar Libor rate is below 0.25%. This indicates a surplus of dollars. The range of dollar rates set by the US Federal Reserve is 0-0.25%. If the interbank rate is within the range, then this indicates an excess of dollars, which is negative for the value of the American currency.
Trading recommendation: Buy 1.3084 and take profit 1.3137.