GBPUSD Daily Outlook – On Thursday the USD continued to gain strength across the board as the Coronavirus fear pushed investors into a complete meltdown.
If you’re sick of hearing about the Coronavirus all day long, you probably need to prepare yourself for at least another 2 weeks of it as an Israeli company claims they may find a vaccine in the time frame.
Meanwhile, the ECB held off rate cuts on Thursday and the US stock market plunged into a bear market.
Today I’m looking at the GBP/USD pair which finally broke below the downward channel we were observing in the past few months.
From here we could expect the pair to drop to key support levels at 1.2456 and 1.2278.
Now back to the Coronavirus… what are you doing to stay safe?
I’m talking both health-wise, and wealth-wise. Head over to the comments section and let me know!
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