Only charts

Gbpusd has rallied since the beginning of the week till 1.3260$ area which is 61.8% fibonnaci level for the fall from .14330$ to 1.14$. The crictical fibonnaci level showed strong resistance for the pair which reversed its weekly rally to get back below 1.31$ handle.  In short term , the pair is still facing further weakness and it is recommended to open short positions anywhere near 1.3140$ area with target 1.2860$ area.

The news that warren buffet has joined the gold rush and turning some of the firm investment in Gold are giving a boost for the precious metal. Gold has fallen sharply last week after reaching all time high at 2060$ area. Gold found support at 1860$ area and reversed back up sharply to trade currently at 2000$ area again. I dont believe this reversal will last long , we will have some range trading between 1930$ and 2020$ area for a long while before breaking below 1860$.   This view is invalidate if gold breaks above 2020$ area.

 Euro has fallen from its recent highs above 1.19$ to test 1.17$ twice and found support.However , the pair is still favored to the downside as long as it is below 1.1880$ Short the pair with target 1.1590$ , if the pair closes above 1.1960$ , exit this trade. Coronavirus cases are still trending a higher and a second wave is not avoidable. Economies are not able to recover from the first wave yet.