We'll see how it would turn out. But in the mean time, Corona is still the headline, so please be careful everyone.
We'll see if the GBPUSD would eventually ends their ranging movements. Stay safe everyone.
Trade careful as the market is very volatile. Anything can happen. Be aware anytime.
The USD had been gaining so much power for the last two weeks due to the Corona virus. Traders puts their money onto USD for safe keeping but for how long does this going to happen? It depends on the situation. It is safe to assume that the USD would enter the exhaustion period before it enters into another trendline. So for now, if the resistance holds, then...
The EUR had its chance against the USD last week where they might gained a breather after a devastating loss. Please be careful always as USD is still the king of currency as Corona virus is still on the news. USD may have become a safe haven again for the third time if things aren't getting better. However, market exhaustion is expected nonetheless.
The GBP had shown some resilient against the USD, two days before the trading week ends. There is a possibility that the market would at least take a breath and move a bullish trend until the designated area. Again, this should be done with cautions since the GBP is still under fire from Corona virus and Brexit uncertainty. Should the situation gets worse, the...