GBP/USD Review, May 4-8, 2020
04 May 2020
The currency pair went upwards last week and has broken out 1,2372 resistance area. GBP/USD stays above this level at the moment of writing.
The main events last week were from the United States and we have already mentioned them in our EUR/USD review. There was nothing important coming from the GB.
As for the current forecasts, we expect GBP/USD to move towards 1,2677. However, the fundamental situation is unstable and surprises are possible.
