09 Februari 2022, GBP/USD
GBPUSD trading plan:
Oil slid more than 2% from recent seven-year highs as the resumption of indirect talks between the United States and Iran could revive an international nuclear agreement and allow more oil exports from the OPEC producer. A deal could return more than 1 million barrels per day of Iranian oil to the market, boosting global supply by about 1%. Iran deal could unleash extra crude and condensate production within four to six months, or even quicker as Iran is thought to have robust oil-on-water storage. This is a negative signal for the British currency, since the pound correlates with oil.
Investment idea: sell 1.3580 and take profit 1.3527.