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GBPUSD technical update: Target in the GBPUSD reached at 50% retracement

GBPUSD technical update: Target in the GBPUSD reached at 50% retracement
In an early video on the GBPUSD, I spoke to the pair's next target coming at the key 50% midpoint. More specifically, I wrote:"On the downside, the next key target comes against the 50% midpoint at 1.28658 (see chart below). The level also corresponds with a modest swing area going back to July 10 and July 11."That level was indeed reached and true to the technicals, the buyers leaned. The price of the GBPUSD moved higher. What now?The price earlier today moved below the 38.2% retracement at 1... Read More
Posted: Jul 19 2023, 16:22
Author Name: forexlive
Views: 092020

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