GBPUSD LONG-TERM LONG

2020年5月10日

I am expecting a long outcome from GU this week possibly to the 1.26000 target. I think this will fall bearish temporarily to consolidate and correct itself prior to the long movements and the bullish swing should continue that is shown on the hourly time frame. If the support level is surpassed around 1.22000, I will be expecting a bearish push to the downside as a plan B but overall seeking a long opportunity due to COVID restrictions lifted in the UK. So possibly, employees returning to work and the economy may see a rise over the next few weeks if the restrictions continue to be lifted.