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Friday, May 15, 2020

New Patterns in GBPUSD after US Jobless increase


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The GBPUSD pair, also known as “cable” was one of the currency pairs that bounced the most in the last few weeks. As the health crisis peaked, GBPUSD dropped to as low as 1.14, only to bounce to 1.26 in less than a month. With US joblessness continuing to grow, many wonder if this could be set for further moves.

This could well be possible. However, at this stage, it has shown some reversal patterns…

The post New Patterns in GBPUSD after US Jobless increase appeared first on Vantage Point Trading.

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