GBPUSD Analysis

30 авг. 2020 г.Month end fixing and USD weakness has helped GBPUSD to set fresh high for 2020. However, this week is packed with and NFP, Brexit and Covid news, all set to become big drivers of price movements in this pair. Often a fresh breakout is followed by few dilemmas: chase it or wait for a pullback? is it just a trap and therefore false breakout? So we look at the important levels:1.3200 as first and 1.3065 as second support level. Staying above these will be imperative to open another leg up to target 1.3450