GBPUSD facing bearish pressure | 2nd August 2021

GBPUSD is below 1st resistance of 1.39043, in line with 61.8% Fibonacci retracement and extension. Prices are expected to fall to 1st support of 1.37772, in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices may rally towards 2nd resistance of 1.39833, in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. Indicator supports a bearish view.

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