Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 20 - 08:36 AM

GBP/USD - REFILE-BUZZ-GBP/USD Crisis Low Is Due Math Not Magic

By Jeremy Boulton  —  Mar 20 - 06:40 AM

Adds charts

  • GBP/USD low in 2016 flash crash was 1.1491. Corona crisis 1.1413

  • The 61.8% fibo projection off extremes dating back to 1971 is 1.1322

  • Fibo drawn off 1972 peak 2.6440, 1985 low 1.0520 and highest since 2.1161

  • 100% fibo way lower @ 0.5241, don't panic. Near 50 years to get close 61.8%

  • Fibo projections off other more recent extremes target 1.0828 next

  • Drawn off 2014 peak, 2016 low and 2018 high. 50% target is 1.0828
















GBP/USD D3: Click here

GBP fibo projections: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!