GBP weakness has pushed the pound below the 50% retracement of the 1.6110/1.6740 rally at 1.6428. The next Fibo support is down at 1.6354, then 61.8% retracement of the same rally. We’ve dipped as low as 1.6414 so far.
GBP weakness has pushed the pound below the 50% retracement of the 1.6110/1.6740 rally at 1.6428. The next Fibo support is down at 1.6354, then 61.8% retracement of the same rally. We’ve dipped as low as 1.6414 so far.