(DAILY NOTION) GBP/USD Possible Soared Above 1.3600, Next Mover: Virus Lockdown for England
Illustration photo of GBP/USD daily chart from Tradingview
GBP/USD is currently trading at around 1.3605, trying to settles above 1.3600 and move toward the resistance at 1.3625.
As the number of coronavirus cases increases and the infectious strain of coronavirus that emerged in Britain is spreading fast, investors are focus on UK prime minister Boris Johnson which decided to put England under a new lockdown until at least mid-February to combat a fast-spreading virus. It remains to see whether the lockdown will put any pressure on the Pound as it affects the British economy.
As reported by Vladimir Zernov, he pointed out that GBP/USD will move towards the next resistance level at 1.3665 if it gets above the resistance level at 1.3625. EUR/USD will be pushed towards the next resistance level at 1.3710 if settle above the level at 1.3665.
On the support side, He pointed out that GBP/USD will move towards the next support level at1.3515 if it settles below the support at 1.3540. A move below the 1.3540 level will signal a bearish trend for GBP/USD as upside momentum has come to an end.
FOLLOWME GBP/USD Overall Sentiment (As of 04:40 p.m., Jan 05, 2021),
Short - 51.55%
Long - 48.45%
For information please refer to Vladimir Zernov.
Edited 05 Jan 2021, 17:27
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