It's a wide potential support zone on the Mthly chart, but cable in it now: see screenshot-
You could be right, Mthly chart has broken 2 ascending support trend lines and all the fib retrace levels bar the 76.4% (1.2983 area) of the move up from that low you pinpoint, 1.0473-2.1162....time will tell.
A Chart of GBP/USD Monthly
Hi jverho, sorry, I try to be constructive usually but there are a few people on here that tend to attack me when I post and help others - plus a lot of the time, the questions I see people ask are ones I've already answered many times. Nothing irritates me more than someone that says "can you just tell me X....sorry if you've answered this before but I can't be bothered to read through your threads as they are really long..."That's not aimed at you at all because you were just posting a chart...I'm just saying that sometimes it all gets a bit much and I decide its less hassle to just post smart ass comments and the wrong person gets the brunt of it, so apologies mate!
15 tick stop is all you need.
I am waiting for my mother or sister to tell me that the Pound is getting hit hard and ask me if it's going to parity.
As soon as they do I am going to buy it with everything I have.
I am waiting for my mother or sister to tell me that the Pound is getting hit hard and ask me if it's going to parity.
As soon as they do I am going to buy it with everything I have.
They may be asking you very soon with articles like this (from the telegraph) in the papers...
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I can't find a chart with enough history to see the 2 decade support line he refers to.
Go here: Live forex charts, real-time forex charts, live currency charts first select GBP/USD then change Time Scale to MONTHLY