Crossbow Hunter's take for this week-
GBP pairs.
It seems that the virus situation in the UK is pretty bad at the moment, lockdowns and flights being cancelled. This is adverse news for the GBP.
On the other news front, Brexit deal talks seem to be somewhat moving but the talks about fishing seems to hit a snag. Mildy negative for GBP in my opinion.
On technical fronts, the two GBP pairs that I was looking at both closed under bulls' target. Cable closed under 1.3520 while GBP/AUD closed under 1.7760, two key areas that I marked out for bullish continuation.
GBP pairs gapped up by about 100 pips on Monday's opening last week and continued on a rampage rally. Would it be possible that these gaps would be closed this week with the bad news?
I am expecting a gap down on GBP pairs later but I could be wrong.