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 reversed from support zone
- GBP/USD reversed from support zone
- Next buy target - 1.3350
GBP/USD recently reversed up from the combined support zone lying between the long-term support level 1.3070 (which has been reversing the price from last October) and the lower weekly Bollinger Band. This support zone has been reversing the pair for the last 5 weeks. GBP/USD is expected to rise further toward the next buy target at the next resistance 1.3350 (which reversed the price at the start of July).
Dmitry Chernovolov
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