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GBPUSD pounds against the low from last week

The GBPUSD is pounding against the lows from last week at 1.21102. A few hours ago,, the price tested that level and bounced. After reaching a corrective high of 1.21455, the downside has resumed and the price is back down near the 1.21102 level. A move below, should open the door for further selling.On the downside, the next major target comes against the 38.2% retracement of the move up from the September 26, 2022 low. That level comes in at 1.20763. Typically, the price needs to get below th... Read More

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Posted: Oct 2 2023, 16:55

Author Name: forexlive

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