GBP - BULLISH
1️⃣ AstraZeneca and Oxford University announced that their experimental vaccine could be 90% effective in giving immunity to COVID-19.
2️⃣ The British pound remained well supported by hopes for a last-minute Brexit trade deal.
USD - BEARISH
1️⃣ Increase in risk appetite after US General Services Administration acknowledged Joe Biden as the apparent winner of the presidential election and President Trump asked the agencies to begin transition of power.
2️⃣ The risk-tone improved after AstraZeneca announced that the COVID-19 vaccine it has developed in conjunction with the University of Oxford was up to 90% effective in preventing the Coronavirus.
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Technical
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We are looking to buy GBP USD at RBS + above SMA 50 on the H1 chart.
1️⃣ AstraZeneca and Oxford University announced that their experimental vaccine could be 90% effective in giving immunity to COVID-19.
2️⃣ The British pound remained well supported by hopes for a last-minute Brexit trade deal.
USD - BEARISH
1️⃣ Increase in risk appetite after US General Services Administration acknowledged Joe Biden as the apparent winner of the presidential election and President Trump asked the agencies to begin transition of power.
2️⃣ The risk-tone improved after AstraZeneca announced that the COVID-19 vaccine it has developed in conjunction with the University of Oxford was up to 90% effective in preventing the Coronavirus.
=====
Technical
=====
We are looking to buy GBP USD at RBS + above SMA 50 on the H1 chart.
Trade closed: target reached