From top-down analysis GBPUSD is in a downtrend. There is a good pullback into the 61% fib level of the high and low of yesterday. My expectation is for the downtrend to resume and I am expecting a move down to at least the low of yesterday which is 1.4460. A breach of this level will see price move down to fib level extension 127% at 1.4431 and then fib extension 161% at 1.4394. Goodluck with your trade.
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