USD: risk is making its way in?
Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GBP/USD broke key support level 1.0950
- GBP/USD broke key support level 1.0950
- Next sell target - 1.2800
GBP/USD continues to fall after the recent breakout of the key support level 1.0950 (which has reversed the price multiple times from the middle of September, as can be seen from the daily GBP/USD chart below). The breakout of the support level 1.0950 accelerated the active short-term impulse wave 3 of the medium-term impulse (3) from the start of June. GBP/USD is expected to fall further toward the next sell target at the next support level 1.2800 (target price for the completion of the active impulse wave 3).
Dmitry Chernovolov
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