GBP/USD Bears Remain Strong as Price Pulls Back at Key Fibonacci

3 Tem 2023

The GBP/USD currency pair continues to exhibit a bearish momentum, with the price recently experiencing a temporary pullback at the previous 61.8% and 78.6% Fibonacci retracement levels. Currently, our analysis suggests that we anticipate a new downward movement aligned with the prevailing downtrend, particularly considering the multiple instances of price rejections observed at the dynamic trendline.