RE: Bottom on the chart beleive it or not £1.894 Apr 2025 12:33
Markets fearing a recession/depression which they are trying to discount.
I wouldnt touch this until some support seen on the weekly charts and it recovers at least the 20 week MA.
There are many ifs and buts,for now if, policy does not change ,sentiment will remain bearsh,pre covid low is 212,covid low 115.It looks to me that those who control markets want to drive things lower and Trump is the mouthpiece to achieve it.
My best guess,good luck to all.