It's just a correction
After testing the 1.20 level amidst positive inflation and retail sales data in the US, the GBP/USD pair corrected upwards. This was facilitated by reports about the prospects of the UK and EU concluding a new trade agreement. This correction will probably not continue, as there are no sufficient fundamental grounds for a trend change. In that case, we should expect a break below 1.20 on the second or third attempt.
Why to trade with Libertex?
- access to a demo account free of charge
- technical assistance to the operator 5 days a week, 24 hours a day
- leverage up to 1:500
- operate on a platform for any device: Libertex and Metatrader 4 and 5
- no commissions for extractions in Latin America
Experience the excitement of trading!
Try our risk-free demo account
