the bears have broken through the support level that was last touched on 1st march 2020. If there is no intervention i guess we are likely to see the GBPUSD breaking records and touching the support level last seen in 1984 at 1.05533 in the coming months. lets wait and see how it plays out
@jamesfrench73, well i wouldnt call it calculating persay. i just looked at a support level last touched in 1984 on a one month's timeframe and estimated the TP. but this can only be possible if there is no fundamental intervention to cause a massive retracement.
Christark
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@jamesfrench73, my predicted take point has been exceeded today
JoeChampion
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Agreed, GBPUSD will continue collapsing!
Tradersweekly
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Thanks for your opinion.
Christark
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@Tradersweekly, you are welcome. whats your take on this matter?
Tradersweekly
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@Christark, No opinion at the moment. I am just scanning for now. Thanks for asking.