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GBP/USD: Risk Aversion Continues to Pressure

GBPUSD fell to the lowest in three weeks in early Thursday, pressured by renewed risk aversion on growing concerns that interest rates would stay high for longer period. Bear-leg off 1.2288 (Oct 24 lower top) extends into third straight day, with break of pivotal Fibo support at 1.2108 (76.4% retracement of 1.2037/1.2337 recovery), 1.2090 (Oct […] The post GBP/USD: Risk Aversion Continues to Pressure appeared first on Action Forex...
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Posted: Oct 26 2023, 08:34
Author Name: actionforex
Views: 042238