GBPUSD > Will London Really Lockdown Next Week? Whats Next GBP?

25 set 2020

Friends would love to thank everyone who supports me, I promise you to keep posting new profitable trading ideas for you 😉⠀

Analysis of #GBPUSD

With the dollar reigning supreme while risk sentiment deteriorates I find the setup interesting,

as you can see we have price resting above SMA for the third day, I don't trade SMA but I know many traders do trade it or follow it that's why it means something here

we have trend line support holding the price as well

we have the price entering the support zone which previously was a resistance

But, i will wait for next week news regarding London new lockdown and how the pair will react if this happens then decic how will execute






Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You