GBPUSD - My Thoughts - 20/03/23

FX:GBPUSD   British Pound / U.S. Dollar
19. 1985. We've just bounced off a low from March 19, 1985. With the markets in a free fall, I'd suspect we'd see the March 15 low of 1.08 in play soon.

If one had the flexibility to do so, a long term play to the 1.08 level might be in play.

Short term, though, I'd expect another bounce, then up to 1.1575 area before dropping.


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