GBP/USD Leans Toward Further Overall Decline Despite Rebound
GBP/USD as of Tuesday has dropped down to hit a key 38.2% Fibonacci retracement and also approached its 1.5750 downside support target, before making a significant rebound. This occurs after a couple of weeks of sideways consolidation around 1.6000 that followed on the heels of a bullish trendline breakdown. For P/USD forex technical analysis, please click here.
Director of Technical Research and Education
FXDD
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