GBP has weakened substantially since the coronavirus outbreak began with GBPUSD reaching lows not seen since 1985 in March as the market's strong risk-off tone and the UK's large current account deficit resulted in many participants moving out of GBP and into safer currencies - most notably USD.
Bank of England - Monetary Policy in the UK remains highly influential to GBP's fundamental outlook. Expectations for policy tightening should prove GBP positive, while expectations for policy easing should prove GBP negative.
Plan:
-Wait For Re Test Of Key Levels 1.248-1.247 -Detect They Key Levels At Minos Time Frames (1H - 4H) -Wait for the correct time after the breakout and open positions -Targets Should be at: -1.224 -1.215 -1.21 -1.205 -Remember Risk Management is the key