March 13 2020 amid post Brexit troubles and Coronavirus paralysis panic sell started GBPUSD broke the yearly floor and started a free fall.
Though we did complete the yearly breakdown move (2 x the distance CAMS3 to CAMS4, i.e. CAMS5, not plotted as no such tool on TV) but weekly CPR and Weekly Camarilla predict further drop to weekly CAMS3-CAMS4 zone. This would be yearly CAMS6 but I didnt plot that (no such yearly tool on TV)
As coronavirus hits UK and Eurozone faces toughest times since World War II do not expect big boys to start accumulating the unsafe GBP, no sound reasons for that! Fall or range at very best...
This is no financial advise. Just observation.
Though we did complete the yearly breakdown move (2 x the distance CAMS3 to CAMS4, i.e. CAMS5, not plotted as no such tool on TV) but weekly CPR and Weekly Camarilla predict further drop to weekly CAMS3-CAMS4 zone. This would be yearly CAMS6 but I didnt plot that (no such yearly tool on TV)
As coronavirus hits UK and Eurozone faces toughest times since World War II do not expect big boys to start accumulating the unsafe GBP, no sound reasons for that! Fall or range at very best...
This is no financial advise. Just observation.
Trade closed: stop reached:
Yesterdays Bank of England interests and bonds purchase decisions interfered here.
USD started falling bcs of rapid coronavirus spread in the US.
USD started falling bcs of rapid coronavirus spread in the US.