#GBPUSD - Weekly
For GBP things are a bit different as we have entered uncharted territory.
I think with brexit and coronavirus teaming up against England's economy, its realistic to expect that GBP will move towards parity with USD.
of course this also depends on negotiations with Europe and whether or not there will be a big government bailout for businesses in UK.
either way, I can see 0.95 as the ultimate target for the bears in the market. but of course there is going to be a lot of resistance on major resistance levels along the way.
For GBP things are a bit different as we have entered uncharted territory.
I think with brexit and coronavirus teaming up against England's economy, its realistic to expect that GBP will move towards parity with USD.
of course this also depends on negotiations with Europe and whether or not there will be a big government bailout for businesses in UK.
either way, I can see 0.95 as the ultimate target for the bears in the market. but of course there is going to be a lot of resistance on major resistance levels along the way.
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