Hello there,
Here's the update of GBPUSD, at previous analysis, we got a great opportunity to short the currency, basically the retracement of the currency. Right now, we're going to follow the real trend of the currency (for now). Although at Weekly Chart now prices are forming Rising Wedge (Continuation Pattern).
One more thing that supports this analysis is the Fundamental. Why? Because currently USD is weakening due to this pandemic. It means GBP will rise as a base currency.
Cheers!
Here's the update of GBPUSD, at previous analysis, we got a great opportunity to short the currency, basically the retracement of the currency. Right now, we're going to follow the real trend of the currency (for now). Although at Weekly Chart now prices are forming Rising Wedge (Continuation Pattern).
One more thing that supports this analysis is the Fundamental. Why? Because currently USD is weakening due to this pandemic. It means GBP will rise as a base currency.
Cheers!