GBPUSD reverses a key retracement level, potential for further downside ...Middle East

The GBPUSD moved above the next upside target at the 61.8% retracement of the move down from the July 2023 high. That level came in at 1.27189. The price moved up to 1.2732 on the break but then backed off and when it did, the buyers turned more to sellers. Traders started to lean against the retracement level once again, and that ultimately led to a move lower. The price low for the day reached 1.26639. The current price is trading around 1.2690. The 61.8% retracement is a 1.27189.If the sellers are to start to exert more control, staying below the 61.8% retracement is important technically. Traders who think there is room for a correction lower, would not want to see the price move above t

Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD reverses a key retracement level, potential for further downside )

Also on site :

• Heartbreaking letters Camp Mystic children wrote to their family arrive days after they died in Texas floods
• Nine things over 60s should do each week to stay young (including kitchen dancing)
• Watch- Shubman Gill reacts as Ravindra Jadeja teases him in front of Sara Tendulkar