Midaz_Investments

GBPUSD (MIDAZ TRADING STRATEGIES)

OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD

Short term Resistance have been spotted at the 1.252 level.
short term 50% Fibo level at 1.2542 level, will look for a pullback once at this level.

UK lockdown has been extended at least for another 3 weeks. With Covid19 active case still on the raise, this will take a toll on the UK economy, affecting its currency strength, preventing a rally back to regain the 1.27 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.