| Updated: November 9, 2023
The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable. Check out a quick trade plan in the GBP/USD analysis video.
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Forex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4091-1.4219. The pair closed at 1.4118, plummeting 1.08% compared to Mondays close. It has been the 34th drop in the past 58 trading days. The daily low has been the lowest level since April […]