GBPUSD Forex forecast for today – May 13, 2020

The pound has continued to weaken against the USD despite the terrible economic data from the US.

The COVID pandemic has affected both countries, but, what is keeping investors cautious about the GBP is Brexit.

The corona virus only complicated matters for the pound.

In the long term the pound will continue to weaken.

We’ll continuously look at the daily charts for price action and key price levels.

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GBPUSD forecast for today.

gbpusd daily -forecast-today-13-May-2020
Chart of the GBPUSD forecast for today, May 13, 2020

A continued down trend will test 1.21701 and probably shoot below 1.20868

Alternative scenario

While a strong pound will have buyers reach for the daily pivot 1.23882 and hunt for levels above 1.24715

Final remarks.

Hope you have yourself a great and profitable trading day.

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Happy trading.

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