GBPUSD Tecnicals

6 April 2020

USDGBP

BY

Michael Brunette

Looking at the Pound today, it is currently retracing from the 61 Fibb level. With the dollar gaining strength as more and more people are buying US Treasury Bonds. So there are alot of indicators that point to the Pound losing its value, including the RSI which is in the sell zone. Along with the Euro as there is panic in the Eurozone for an impending crash, a majority of investors are looking to move their money to the US (the so-called safe haven currency)

(The information provided is purely speculative and we do not accept any gains or losses that may result from our analysis)