What a bearish market opening on GBPUSD. The pair dropped to the last historical support EVER REACHED.
1.053 is the low of 1985. Watching how the price reacted to that 37 years ago, we may expect a correctional movement from that.
However, traders, remember that it does not really mean that the market will initiate a reversal. Being driven by very bearish fundamentals, Cable can drop even lower.
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