GBP/USD Momentum
Cable met resistance at 1.2665 in yesterday session & fell 60 pips. The Dollar gained strength as US stocks turned to the downside amid Rising US corona virus cases & the US Supreme Court ruled that President Trump cannot block the release of his financial records to prosecutors.
Brexit & the UK refusal to contribute financially in the EU corona-virus vaccine scheme could weigh on the pound.
Momentum is still to the upside on the 4hr & Bulls may see value, I expect a retest of 1.2665.
Support: 1.2560 – 1.2520
Resistance: 1.2664 – 1.2715
Brexit & the UK refusal to contribute financially in the EU corona-virus vaccine scheme could weigh on the pound.
Momentum is still to the upside on the 4hr & Bulls may see value, I expect a retest of 1.2665.
Support: 1.2560 – 1.2520
Resistance: 1.2664 – 1.2715
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