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May 27, 2020 7:33 AM

GBPUSD Short

GBP/USDOANDA

Description

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.
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