Potential upcoming move for GBPUSD.
A strong dollar and weak Pound due to Covid-19 could see the pound tumble in value.
A big rejection of the Fibbo 38 Level could see GBPUSD complete the 3rd wave before a retest of the descending trend line (4th wave) before completing the 5th wave & falling all the way down to low support of 0.97500.
Very possible with USD considered a safe haven currency & Covid-19 causing chaos for the economy, combined with the ongoing Brexit saga that has been temporarily forgotten about, anything could happen.
A strong dollar and weak Pound due to Covid-19 could see the pound tumble in value.
A big rejection of the Fibbo 38 Level could see GBPUSD complete the 3rd wave before a retest of the descending trend line (4th wave) before completing the 5th wave & falling all the way down to low support of 0.97500.
Very possible with USD considered a safe haven currency & Covid-19 causing chaos for the economy, combined with the ongoing Brexit saga that has been temporarily forgotten about, anything could happen.