Corona virus summary:
The World Health Organization has reported that the number of confirmed cases of the coronavirus in Africa has now passed 15,000.
An emergency shipment of medical supplies for African nations' health systems departed Addis Ababa this morning. Although Covid-19 has yet to take hold across the continent, it is perhaps the most ill-equipped region of the world to tackle it.
Last week the WHO's Africa office estimated there were about five intensive care beds per million people in Africa, compared with about 4,000 per million people in Europe..Technical analysis:
GBPs been trading upwards as I expected. The price is heading towards my upward targets at the pice of 1.2630-1.2740. Based on the hourly time-frame, there is another rejection of the middle Bollinger band line and rising support trend line, which is sign of the strong upward trend.
Trading recommendation:
Watch for buying opportunities on the dips using the hourly or 4h time-frame with the upward targets at the price of 1.2630 and 1.2730.
MACD oscillator is showing strong buying pressure from the background, which is strong sign of the upward trend.
Resistance levels are set at the price of 1.2630 and 1.2740.
Support pivot level is set at the price of 1.2535.
