Of course, the pair remains a
mystery for traders in the short term and looking for a few points, which puts
them at great risk while the larger picture gives us a more accurate view of
the nature of the pair, which has fallen from the standard levels since the
British referendum to exit the European Union, but the question remains: Of the
pound's trading range or whether there is some exaggeration in the losses that
are causing the young people to get rid of their hands in the sterling while
investors still have an investment outlook and increase their holdings of the
pound in anticipation of the rise Expected during the coming period
Considering that we were basically
trading at levels below or less than 1.50 before the British referendum, we
certainly remember that during the referendum and even after the official referendum
was released, we did not see a crash of more than 1.28 but what we remember
well is the unjustified Flash Crash until the moment Which fell in the pair
within minutes to the levels of 1.14, a decline not only explained by one of
the trading algorithms and the game did not understand one of the parties or
parties decided to push the pound Sterling to decline sharply before
repurchasing minutes after levels will not return to it again, These have
happened before and I call it (A fat finger) when a bank justified the
occurrence of large trades on one of the pairs, which put pressure on the
markets and caused something similar to Flash Crash that one of his employees
deliberately pressed a button placed a large deal size was not planned in
advance, causing the case of Flash Crash That ... was not a good explanation
nor convincing but no one had a different explanation at the time, and in the
case of the Flash Crash of the pound sterling no one even offered a trivial
explanation like that ... In short there was no explanation and we will not
know the truth apparently
But soon the Sterling Pound
recovered to move towards 1.4 levels in less than a year from its arrival to
the lowest recorded trading price and we are trading down from that point of
the peaks between December 2017 and March 2018 down towards the 1.23 levels by
December 2018 to see some recovery with the beginning Towards the current
levels
Therefore, if the sellers rely on
a fall coming out of the European Union, they are in an uncertain bet (unless
one intervenes to open the Flash Crash deals) and if the herd is moving towards
selling now in a positive tone from the EU towards Britain and facilitating the
postponement of exit with some brawlers Of the British opposition, we have to
deal with it as we are facing a currency that is ill and does not die. All
indications are that the pound is able to withstand the comfortable trading
levels of the British economy. They are not interested in returning the pound
to the 1.5 levels, which limits their competitiveness. They are not likely to
behave in the manner of a happy Japan
Does that mean buying the pound is
safe?
Let's assume that we are going to
make a decision in this matter and clearly away from the traders of the scalper
closest to the Russian roulette and roulette tables. We have (original) if we
exclude the Flash Crash event, the lowest trading levels are 1.20 registered on
17 January 2017 and the highest levels of trading during the passage An
unprecedented crisis is 1.43 recorded on 18 April 2018
This simply means that we have
clear buying areas for the asset with excellent support areas if we look at the
issue purely in terms of investment, and it also applies to the pound's trading
against the Japanese yen, perhaps even more than expected profits against the
US dollar
The funny thing is that we may see
Flash Crash in the other direction, which could hit Australian retailers with
heavy losses if adults decide to play their game again for purchase in the
coming days.
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