GBPUSD (MIDAZ TRADING STRATEGIES)

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.