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21.10.202011:25 Forex Analysis & Reviews: Trading idea for the GBP/USD pair

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The decline in the US dollar, which was brought by the news that a stimulus package could be signed in the United States soon, led to an upward move in the GBP / USD pair, thereby taking the quote out of the two-week narrow triangle.

And since the dollar has such a weak position in the market, any positive news from the UK could lead to the emergence of strong bullish impulses.

For example, any positive news related to Brexit, that is, the signing of a trade deal in particular, would push the pound to a price level of 1.35.

Of course, there is still the need to monitor the risks so as to avoid losing profit. As we already know, trading in this market is very precarious and uncertain, but also very profitable if we use the right approach.

Good luck!

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