It is clear that the pair has been suffering a long fall since the 16th of Sept.
The Fibo retracement looks promising and further fall is unlikely without a retracement first at least where the blue arrow indicates.
No significant news/reports for the GBP or the USD to push the pair further down are scheduled so probability of upward retracement is on our side.
The Fibo retracement looks promising and further fall is unlikely without a retracement first at least where the blue arrow indicates.
No significant news/reports for the GBP or the USD to push the pair further down are scheduled so probability of upward retracement is on our side.