As we mentioned on our previous blog that for GBP/USD to go down it needs to go below 61.8% fibo which is working as a strong support at this point.
Please see the chart below where it shows clearly that GBP/USD keep bouncing back from that level.
We have couple of days left for this week. It will be interesting to see if GBP/USD can keep itself above that level for the week.
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