Start of the recession ?/ GBP/USD Monthly Outlook
With news surrounding COVID 19 and pressure for all of all the
economy being in lockdown we can look at the chart formation to
see how the market is reacting.
On the monthly levels we have an evening start formation around 1.35000
Which could indicate a strong sell off from this zone.
March candle continuing this probability with a hard push down to 1.165 region
which are zones last seen during 2016 BREXIT talks.
In short time price may bel likely too reach back to that zone for support
looking to see a breakthrough the downside .
COULD THIS BE THE START OF THE RECESSION?
economy being in lockdown we can look at the chart formation to
see how the market is reacting.
On the monthly levels we have an evening start formation around 1.35000
Which could indicate a strong sell off from this zone.
March candle continuing this probability with a hard push down to 1.165 region
which are zones last seen during 2016 BREXIT talks.
In short time price may bel likely too reach back to that zone for support
looking to see a breakthrough the downside .
COULD THIS BE THE START OF THE RECESSION?
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