The fear of the coronavirus consequences is very strong among the global investors and it rules on the financial markets. On the GBP/USD pair, the main trend is down, but the reversal is possible when the coronavirus pandemic will be tamed. The key long-term technical support has been recently violated (1.1983) and the new one is seen at the level of 1.1404. The key long-term technical resistance is seen at the level of 1.3218. Only if one of these levels is clearly violated, the main trend might reverse (1.3518) or accelerate (1.1404).
Short term we will see again resistance level 1.2650 level if price break 1.2700 then open long resistance 1.3200. overall trend downside coming months.
🛑SUPPORT/RESISTANCE
✅S1= 1.2350
✅S2=1.2000
✴️R1=1.2650
✴️R2=1.2800
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Short term we will see again resistance level 1.2650 level if price break 1.2700 then open long resistance 1.3200. overall trend downside coming months.
🛑SUPPORT/RESISTANCE
✅S1= 1.2350
✅S2=1.2000
✴️R1=1.2650
✴️R2=1.2800
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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