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Back Technical analysis
GBP/USD – September 22: The Pound May Have Reached Its Lowest Level
On the hourly chart, GBP/USD fell
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On the hourly chart, GBP/USD fell to the 23.6% Fibonacci retracement level at 1.3339 on Tuesday for the third time. A third consecutive rebound from this level would again favor the pound and some upward movement toward the 1.3381 and 1.3414 levels. Consolidation below 1.3339 would increase the likelihood of a further decline toward the next Fibonacci level of 0.0% at 1.3272. The market situation remains bearish. The last completed upward wave failed to break the previous high, while
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