01 Maret 2022, GBP/USD
GBPUSD trading plan:
Oil prices, have hit their highest since 2014 following the invasion and after Western allies have imposed sanctions on Russia, blocking some Russian banks from a global payments system, which is already disrupting oil exports. Some buyers are already shunning Russian barrels, now trading at a heavy discount to world benchmarks. Russia, one of the world's top oil producers, exports around 4-5 million barrels per day of crude and another 2-3 million bpd of refined products. China, the European Union, South Korea, India and Japan are its main buyers. A bullish rally in the oil market will have a positive impact on the oil market because assets correlate with each other.
Investment idea: buy 1.3400 and take profit 1.3453.