Gbpusd and eurchf thread join in!

Glastonburyk

Private, 1st Class
Messages
57
GBPUSD

Again we are seeing returns to all time lows on many pairs especially where the USD now is being treated as a safe haven. Bear in mind that extremely strong pressure in one direction can be easily and swiftly reversed. Do not buy I’m early as there is no telling how the pandemic will continue to strangle the markets and wait for confirmations of reversal before judging your entries!
 

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Sammy colt

Private, 1st Class
Messages
41
Thanks for the analysis bud, I don't think we will see a significant reversal until the coronavirus becomes a bigger problem in the USA. GBP is taking a hammering lol
 

sebking1986

Recruit
Messages
183
Same, once this really kicks of in America we will see a reversal. They are either holding back numbers or are a few weeks behind us at the moment in terms of the virus. In a country 5 times the size of us, those numbers won't stay low for long
 

JungleTrader

Recruit
Messages
51
GBPUSD

Again we are seeing returns to all time lows on many pairs especially where the USD now is being treated as a safe haven. Bear in mind that extremely strong pressure in one direction can be easily and swiftly reversed. Do not buy I’m early as there is no telling how the pandemic will continue to strangle the markets and wait for confirmations of reversal before judging your entries!
When it happens expect a serious bull run
 

MikeShor

Private
Messages
12
I agree. Although sterling has been hammered it will reverse in a week or two as the US situation worsens. Just wait.
 

Jim B

Corporal
Messages
92
Cheers bud, will definitely be looking out for that turnaround. It may take some time though.
 
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