teaguetrading

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.