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eagle.one
Apr 20, 2017 8:14 AM

Re-enter long GBPUSD 

British Pound/U.S. DollarFXCM

Description

If in the France, everything goes fine and Macron or Fillon will be vs Le Pen, then the EUR will be stronger and pound weaker, next week ( and making also a small rally in the stocks in Europe and maybe in US --- earnings season).
Then this would be a chance to open one more time a long position in the pound.

A level of 1.2660 - maybe reached.
Region 1.2660 - 1.27 would nice region to re-enter position in the pound.

I generally think that election are good for UK, because they make UK more politically aware which is generally good for their country.

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