Given the daily close above the previous daily candle, we have. a reversal signal on the Daily chart.
I would suggest going long on the retest of the bottom in the area around 1.444 with an SL to 1.397 and a TP of 2.568
The Coronavirus GBP selling has halted once the Uk has announced the lockdown. The worst in terms of panic shorts related to previous ideas of mass immunization have gone now.
The Dollar has enjoyed a safe - haven value this week which might fade considering the COVID 19 is about to Lock down the US too which might provide in return some
Long USD to be cut off.
I would suggest going long on the retest of the bottom in the area around 1.444 with an SL to 1.397 and a TP of 2.568
The Coronavirus GBP selling has halted once the Uk has announced the lockdown. The worst in terms of panic shorts related to previous ideas of mass immunization have gone now.
The Dollar has enjoyed a safe - haven value this week which might fade considering the COVID 19 is about to Lock down the US too which might provide in return some
Long USD to be cut off.