This Currency is loosing value over the long term. Red Curves are a analogue to Glide Slope . A glider losses altitude as it advances.
The current market is trading within Blue Concave Parabolic curves; A horn. The previous Local low is a bounce off of resistance that saw GBP USD declining from 07 Jun '14 through 09 Apr '15 Support on middle Solid Blue Curve. That set the trend. It is the Root of the current market.
28 Jun '16 the jag fell through and theta curve b- became resistance. A new related Resistance precipitated 12 Oct '16.
IN any case the local high , 24 jan '19 found Solid red to be unbreakable, again.
The convergence of the curves in early 2021 is a timing signal.
This Ja will move between the local g of the well hung curves fro the relevant near future . see close up earlier analyses
The current market is trading within Blue Concave Parabolic curves; A horn. The previous Local low is a bounce off of resistance that saw GBP USD declining from 07 Jun '14 through 09 Apr '15 Support on middle Solid Blue Curve. That set the trend. It is the Root of the current market.
28 Jun '16 the jag fell through and theta curve b- became resistance. A new related Resistance precipitated 12 Oct '16.
IN any case the local high , 24 jan '19 found Solid red to be unbreakable, again.
The convergence of the curves in early 2021 is a timing signal.
This Ja will move between the local g of the well hung curves fro the relevant near future . see close up earlier analyses
