Most people do Risk on to Risk Off, we can see in this war situation people turn to safe havens such as Gold and USD.
The price of GBPUSD has broken from the daily support around 1.34864 and possibly will decline towards the next support in the demand area as well as the 0.618 Fibonacci area around 1.33949.
Fundamentals: The euro will be the hardest hit by the war between Russia and Ukraine. Their neighbor's GBP will be affected.
NZD, AUD could be safe haven alternatives as well, which are seen strengthening in this situation.
The price of GBPUSD has broken from the daily support around 1.34864 and possibly will decline towards the next support in the demand area as well as the 0.618 Fibonacci area around 1.33949.
Fundamentals: The euro will be the hardest hit by the war between Russia and Ukraine. Their neighbor's GBP will be affected.
NZD, AUD could be safe haven alternatives as well, which are seen strengthening in this situation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.