Trading signals

GBP/USD

GBPUSD

The pound started a recovery despite of the poor unemployment rate figures and concerns about Brexit. Still, the coronavirus concerns should limit its recovery.

 

The main scenario is a decline to 1.2970.

An alternative scenario assumes a return to.1.3050.

 

A close below 1.3000 will trigger losses towards 1.2970.

In order to recover some strength, GBP/USD needs to return above 1.3020 and move to 1.0350 afterwards. 

 

New articles