GBPUSD testing resistance + 38.2% Fibo

The GBPUSD is in a consolidation (as a result of Friday’s declines). The course has crumbled and we believe in continued decline. The market failed to reach any significant support, we can therefore expect a demand reaction.

Before then we were able to observe surges, which led to the price rushed up to the 38.2% Fibonacci correction of the last impulse. Broken area can the fall continue.

 

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