GBPUSD Potentially May Weaken as Pair Approaches 78.6% Fib Level

29 lug 2023

The GBPUSD pair has recently experienced a setback as it reached the 70.7% Fibonacci level, in the coming months, it is anticipated that the pair will make another attempt to rally to the 78.6% Fibonacci level.

However, should the pair face rejection at this level, it could trigger a downward trajectory, compelling the price to test previously established support levels.


N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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#cable