28 Agustus 2020, GBP/USD
GBPUSD trading plan:
Fed officials have said in the past few weeks that economic growth will be subdued as the COVID-19 pandemic will negatively impact consumer spending. D. Powell noted that inflation in the United States has rarely exceeded 2% in the past two decades, so the Fed will not worry and take action if inflation rises above this level for several months. Keeping the Fed rates low for a long time will contribute to the continuation of the upward trend in this currency pair.
Trading recommendation: Buy 1.3280 and take profit 1.3337.