DislikedYes, each to their own I agree. By 3 yrs ago I was meaning at the lowest price base of the GFC way back when. Not at charts so cannot confirm date etc. it's just that back then banks were in dire trouble, now whole countries are in dire trouble. We have been at this support zone a few times in the last few years, and never got higher than the 50percent retrace. I'm just wondering why should we clear it this time when it seems fear had only increased significantly in that time with the Euro crisis, downgraded and USA downgraded for the first time....Ignored
However...remember that Uk is a semi eur free, semi usd free zone and its economy is based to a large degree on finance. Cable therefore retains far greater independence in movement.
Oh, gawd someones bound to jump on my head now...
All systems of divination, like music itself,work through patterns.