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GBP/USD Big Swings as Volatility Kicks In

By:
Nenad Kerkez

The GBP/USD is bullish and we can see big swings happening. This is expected as the GBP isvery volatile during the crisis period.

GBP/USD

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The GBP/USD is bullish and we can see big swings happening. This is expected as the GBP isvery volatile during the crisis period.

As already explained, we have a triple crisis. US elections, BREXIT and COVID-19. Headline risk is big for the pound. Judging from the latest movements, I expect the GBP to go further up.

1.2900-20 is the POC zone. Any retracement might be used for a fresh buying. If the price closes above 1.3045 we will possibly see a continuation up. Targets are 1.3109 and 1.3148. For me, today is buying the dip.

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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