GBP/USD outlook is breaish but here is our idea on next possible GBPUSD trade. Follow the price action for possible movement. seems to head towards the April 6 low at 1.2166 as brokers and speculators stress over a potential second influx of coronavirus contaminations.
GBP/USD keeps on heading lower on worries about a potential second influx of coronavirus diseases that are pushing dealers and speculators from more hazardous resources like the British Pound into the general security of the US Dollar . New Covid-19 flare-ups in China, South Korea and Germany have raised stresses over the infection again similarly as governments ease limitations to help support monetary action.
Moreover, the World Health Organization's crises chief Dr Mike Ryan has said "it is essential to put this on the table: this infection may turn out to be simply one more endemic infection in our networks, and this infection may never leave." Federal Reserve Chair Jay Powell has ringed in as well, contending that "the way forward is both exceptionally unsure and subject to noteworthy drawback dangers."
That has left GBP/USD flopping, exchanging lower inside a descending inclining channel on the diagrams and with little help clear before the 1.2166 low addressed April
GBP/USD keeps on heading lower on worries about a potential second influx of coronavirus diseases that are pushing dealers and speculators from more hazardous resources like the British Pound into the general security of the US Dollar . New Covid-19 flare-ups in China, South Korea and Germany have raised stresses over the infection again similarly as governments ease limitations to help support monetary action.
Moreover, the World Health Organization's crises chief Dr Mike Ryan has said "it is essential to put this on the table: this infection may turn out to be simply one more endemic infection in our networks, and this infection may never leave." Federal Reserve Chair Jay Powell has ringed in as well, contending that "the way forward is both exceptionally unsure and subject to noteworthy drawback dangers."
That has left GBP/USD flopping, exchanging lower inside a descending inclining channel on the diagrams and with little help clear before the 1.2166 low addressed April