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GBPUSD trades to a new session low and looks to test the 38.2% retracement

The GBPUSD is trading to a new session low as the clock ticks toward the end of day. in the process, the price is ticking down toward the 38.2% retracement of the move up from the September 26, 2022 low. That retracement level comes in at 1.20763.After a trend move higher as we saw in the GPBUSD from the September 2022 low, getting and staying below the 38.2% retracement of that move is still a major target to prove that the sellers are taking back more control. Yes, the price has trended below... Read More

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Posted: Oct 2 2023, 19:55

Author Name: forexlive

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