GBP Set for Record Breaking Lows
The Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe
1.19000 marks what could be the neckline where buyers may attempt to regain control
A break of 1.19000 confirms Double Top and should trigger more shorts
In September 2022 the Pound dropped to 1.0350 forming a 37-year all time low
A break of this low would once again set new records
First Targets will be at the September 2022 lows
A break below could see the Pound trading as low as 0.98000 or lower over the next few months
1.19000 marks what could be the neckline where buyers may attempt to regain control
A break of 1.19000 confirms Double Top and should trigger more shorts
In September 2022 the Pound dropped to 1.0350 forming a 37-year all time low
A break of this low would once again set new records
First Targets will be at the September 2022 lows
A break below could see the Pound trading as low as 0.98000 or lower over the next few months
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.