Looking to long gbpusd after retracement. GBP Has the risk of a sell off soon so will be waiting.
World news from corona causing weakness in eur and huge flows into safehavens such as jpy and gold. As news progresses and more worry I see further weakness. Also selling on the breakout of my fibs and in turn the Fibonacci time zones.
Looking to test PP R1 AND 2 Then retracement for test of trend line but to remain bullish in coming weeks. Possibly testing 1602 52 week high.