Boris Johnson signals UK’s reopening is close but rising cases cause concerns about the economy. Daily new cases nearing 30k. The only good data is Covid-19 related deaths are still low but they started to rise slowly. Compared to Russia, over %50, second dose completion keeping Covid related deaths low.
If the UK reopens in mid-July can the daily cases keep under control or another and stronger wave happens? This question is pressuring the GBPUSD for now with the strong dollar index. The uptrend is already broken but GBPUSD is holding above the 1.3750 support for now. If this continues, a pull-back to the broken trend can happen. For the down moves, below 1.3750, Fibonacci %23.6 level, 1.3579 can be the next target for the GBPUSD.