The 30 minute GBP/USD
chart is showing signs of the Pound losing value against the Dollar. After the currency pair broke through its resistance at 1.3241 (Fib 78.6%), it has found support at 1.22948 (61.8%). With Aroon
down at 100% and Aroon
up at 0%, the divergence indicates greater possibility of further weakening of the pound as the dollar gains due to fears of a second wave of infections.