Does the British pound have anything to say against the USD?
GBP/USD reversed from support zone
- GBP/USD reversed from support zone
- Next buy target - 1.4200
GBP/USD previously reversed up from the support zone lying between the strong support level 1.3800, lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from the middle of December. The upward reversal from this support zone started the active minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.4200 (resistance trendline of the daily up channel from August).
Risk-on pushed stocks and riskier currencies upward.
It’s simply the question of time before gold price gets to the higher levels…
Coronavirus and massive oil oversupply was a once-in-a-generation coincidence. Is the worst over?