#GBPUSD lowest level since 1985! Britain to suffer in the2020's

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Shown is just a simple chart for the British Pound.

For most of this charts life the #POUND has traded above the violet shaded S&R zone until the #BREXIT vote which led to the breaking of major support.

As you can see after breaking below the brown shaded S&R zone it has reversed its role to now resistance from below.

#GBPUSD has been forming the blue rectangle which has now made a new all time low in the history of this currency.

I believe it will enter a new trading zone over the next few years...

with a possibility of continuing on to its ultimate target of 0.71

meaning less than 3/4 of a dollar will buy 1 Great British POUND

Even though #BITCOIN, #GOLD, #SILVER are coming under pressure

At some point British citizens would be advised to seek shelter in alternate forms of money.
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Have we put in another major lower high for the #pound

สแนปชอต
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#GBPUSD 2025
a $1.20 seems likely after a major lower high was put in place in September
สแนปชอต
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#GBPUSD
#DXY
สแนปชอต
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As global markets are very much #RiskOn
Expect the #GBPUSD to continue to drift on up...
Regardless how poorly the underlying #UK economy is actually doing..

สแนปชอต

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