GBPUSD at 30 year low

asimpleplan

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The GBP seems to be finding some support at 1.2800.

Hard to believe it can fall further? Could it be presaging something?

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Consolidation pattern/Fibonacci retracement up until Xmas. Thereafter, who knows?

If GBP falls even further, then it'll be a crash like 07/08, which is what I've heard predicted elsewhere.

Actually, the real low was just after the Brexit but, still, interesting it met resistance last week.
 
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Pound pressure well remains on the downside while dollar is strong due*to better US CPI data, Gbp/Usd broke below the psychological level at 1.3000, further decline might be expected.
 
Psychological support level is still at 1.3000, it is not clear any upside correction movements.
 
Psychological support level is still at 1.3000

I was reading something about how at certain times of the month/year, the banks will try to move a pair's prices to nice round numbers (like 1.3000)..
 
The pair may extend further decline this week after the corrective pulled back against 1.300 level.
 
Cable is bearish will play in 1.2s for some time before heading down further .
 
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