GBP/USD -21/12/2020-
• GBP/USD nearly 2.5% down in one single day
• Catalysts behind this move were Covid-19 new strain
• Brexit talks hit deadlock
• Pair is still trading inside 2 ascending channels
• First channel (short term) support is at 1.31900
• Break of this level exposes the second channel (long term) support at 1.30700
• Catalysts behind this move were Covid-19 new strain
• Brexit talks hit deadlock
• Pair is still trading inside 2 ascending channels
• First channel (short term) support is at 1.31900
• Break of this level exposes the second channel (long term) support at 1.30700
Ramzi Abou Abdallah, CFTe, CMT
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