This is a trade idea, all the fundamentals to do with the state of the economy, c*****virus statistics and the uncertainty of the position of Great Britain can signify a bearish movement in the future. Not to mention it being under the 200EMA for a while which can show that we can be looking at a long term short. On the other hand price can improve and the economy can bounce back quite quickly. (I don’t use indicators but this was to help me paint a broader picture)
Chart PatternsGBPUSDTrend Analysis

إخلاء المسؤولية