GBPUSD Correction in Bullish Trend:Key Fibonacci Levels to Watch

I have been closely monitoring the movements of GBPUSD, and it appears that the pair may be due for a correction in the midst of a bullish trend. Based on my analysis, I believe that the correction could extend to the 0.5 Fibonacci retracement level or even to the 0.618% Fibonacci retracement level, which are common levels for corrections during bullish trends.This prediction is supported by recent price action, which has shown a slowdown in the bullish momentum of GBPUSD. Additionally, technical indicators suggest that the market is overbought, which can further indicate a potential correction.

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