daltray

GBPUSD - Could fall 2300 pips?

FX:GBPUSD   British Pound / U.S. Dollar
I see a possibility of a large decline in the value of GBP. Current support as shown in the figure is crucial support for GBP. That support is the lowest prices on GBP so far, which have been tested repeatedly to form a triangle pattern . If that support could no longer refute GBP, then a decrease of + -2300 pips is the target, which would make the USD more valuable.

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