Pound Lowest Level in 30years

The pound seems to be unrelenting in its downward spiral

With the uncertainty of the trade agreements Borris Johnson is pushing the pound is now a sellers haven, with traders taking full advantage of the bearish sentiment! With the rsi still in the selling sweet point it is not even close to being oversold, however with an initial shock of falling lower and lower, it is difficult to determine whether any orders are wise at the moment, the level to watch would be the 23.6 fibb retracement level to enter into a short position, but that is if the initial price adjustment could recover to the actual market price, patients would be the best policy as it is close to the end of the week combined with the corona virus reaking havoc as well. There is no telling where the "whisper price" would end up, but at the moment, there are no signs of the bearish pressure easing soon. But the bears that entered at the right level (the 23.6 fibb retracement) are smiling all the the way... a missed oppertunity for some but for the patient trader there is still hope. So don't be too discouraged as markets have a way of always finding equilibrium.