Here is my view on GBPUSD. I believe that we will see some upside to the 61.8% Fib & third touch of downwards TL and then continue downwards (potentially to 1.2).
I have marked up potential entries, stop loss and take profits. Let me know what you think below - cheers.
I think the 1.20 is being lined up too. Despite the state of the Covid-19 in the US the USD is still gaining some strength. Thta combined with bearish techincals are all pointing towards selling pressure.