 the really the short answer. Now what we ended up going on to is actually a decent concept which was what makes the the pound or any currency can you judge a currency's value based off of historical or technical levels. Now I would believe that the answer is yes and no yes in so far as it's a reference point yeah so let's say you know this I was actually I'll go to a live chart make it a lot easier right let's go to a live chart it's a good technicals are a good reference so if we zoom out to the weekly right let's zoom out to the weekly get rid of everything on the parts chart. Now if you've gone through the course you will know that what I say is is that at some point this is obviously deemed a bargain area for the pounds right this was a bargain area for the for the pounds back in 2020 during the during the pandemic yeah brilliant excellent now as a reference point the question then becomes is that a bargain now yeah now price just looking solely at price it would suggest that it is a potential of course none of us know but we don't well I don't base my analysis on what bargain is a bargain is based off of price because price is not a reflection of value yeah I mean it can be but typically you need to know you know how what a currency or any asset how it derives its value and it's not through really looking at price I understand 100% understand that it was a bargain here so it could be a bargain there but on a deeper reflection what happened what drove prices higher here for the pound yeah may not be the same thing that drives prices higher here for the pounds yeah and so let's say prices come all the way down have come all the way down here now let's say for example I don't know Rishi Sunak was the person that ended up getting prime minister and his policies would have been totally opposite you know from his trust is obviously because he would have ran on different policies and let's say for example the market thought that his policies were terrible yeah for the pounds because fundamentally you know we're looking at you know the fundamentals right that's what we're looking for is to derive value not price so although we can look to the left and see that it was a bargain two years ago a it's not the the same thing the reasons for the pound going higher is not going to be the same as as as today and so and b fundamentally we need to know what's going on now which basically you know makes us understand why price should go lower or beyond that point or actually if the pound is actually a bargain down here based off of what we understand about fundamentals yeah so just because something is seen as for example the dollar might be seen as expensive does that mean that the pound is cheap does that mean that the pound is cheap that's the question to you guys it's not a rhetoric question just just just to get just to get you know your feedback no it's exactly it doesn't something can stay expensive forever and also as well who's to say that this is expensive exactly it's two different stories that's exactly at first of all now had this let's say for example this wasn't a weekly chart and let's say for example this nice little price action that happened let's say for example one month ago yeah let's say it happened one month ago now it's it's easier to determine whether anything has changed fundamentally when prices come up to or down to this point so let's say for example the the Bank of England's let's go into Fantasyland and the Bank of England now have decided that they want to you know everything is lovely with the economy right GDP is growing everything is is is wonderful right they're growing going into the you know expansion phase of the economic cycle and inflation is trending away and do you know what I mean it's everything is brilliant and then you start to see this happen yeah prices are going you know against the pound yeah but the scenario that caused price to go higher here has not changed yeah so GDP is good everything is good central bank is hiking into strength all of that is does this now look like a bargain or does it not today right month ago and nothing has changed by the way nothing has changed here yeah we're still scenario fundamentals are still the same exactly it does look like a bargain now right yes in Fantasyland exactly right so but and and this is the point this is exactly the point whatever drove prices here and caused traders to buy yeah price is not value and value is not always reflected in price if you can understand that the banks want to buy at bargain prices and you're not looking at this is and scratching your head and going oh well why why why why why rather than just looking at it like prices are coming down this is absolutely a fantastic buying opportunity because nothing has changed fundamentally from like a month ago then this is a bargain yeah so so great you know I'm thankful for for for Edwin for for highlighting this and going through the conversation and I think it's a really important point it's a very very important point that you know we should we should make yes price like I said typically we know that to be a bargain or an expensive area it doesn't mean that this is going to be a bargain based off of just typically what price is done there we need to know the fundamentals and what risk sentiment is and what the central bank is doing etc that's what is the most important so more things to to go over loads of things to go over and something is very important as well which is where are we now bank of Japan intervention language that is there was an article today which came out which I thought was again fantastic another great article