GBP is in very important area again. It is in October support area. The market is in down trend channel and it is in bottom line of the channel. I strongly believe that USD will recover itself little bit in the next couple of days for that reason I will see what will do the market tomorrow and then will see. If GBP breaks the bottom line of the channel will go to previous super area.
The markets will have more impact from corona virus and it will reflect to all major currencies. As the pound is not in very good position regarding the trade deals with EU the impact of global economic problems in long run defensively will loose.
To be able to have more from the market we can trade the small moments up area in smallest time frame and wait for the impact that will come for corona virus.
The markets will have more impact from corona virus and it will reflect to all major currencies. As the pound is not in very good position regarding the trade deals with EU the impact of global economic problems in long run defensively will loose.
To be able to have more from the market we can trade the small moments up area in smallest time frame and wait for the impact that will come for corona virus.
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