GBP/USD Review, April 6-10, 2020
06 April 2020
The currency pair declined last week, but the downtrend was slower than the downside tendency, shown by EUR/USD. Markets are under the pressure due to the fears of a global recession. There was no important data from Great Britain.
We expect the currency pair to develop its downtrend targeting 1,2108. If GBP/USD breaks out 1,2372, the downtrend will be broken.
