GBP - BULLISH
1️⃣ EU's chief Brexit negotiator Michel Barnier said that a new deal with Britain was possible.
2️⃣ Britain's government said that it had agreed to buy up to 60 million doses of a possible COVID-19 vaccine being developed by Sanofi and GlaxoSmithKline if it proves successful, the fourth such deal it has struck.
USD - BEARISH
1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump.
3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.”
4️⃣ Q2 GDP expected to print negative due to economic shutdown.
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Technical
=====
- We are looking to long GBPUSD on SMA50 area + RBS level on H1 chart.
- GBPUSD in bullish zone.
1️⃣ EU's chief Brexit negotiator Michel Barnier said that a new deal with Britain was possible.
2️⃣ Britain's government said that it had agreed to buy up to 60 million doses of a possible COVID-19 vaccine being developed by Sanofi and GlaxoSmithKline if it proves successful, the fourth such deal it has struck.
USD - BEARISH
1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump.
3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.”
4️⃣ Q2 GDP expected to print negative due to economic shutdown.
=====
Technical
=====
- We are looking to long GBPUSD on SMA50 area + RBS level on H1 chart.
- GBPUSD in bullish zone.
Trade closed manually:
Current price touch TP price first