GBP/USD eases from 50% Fibonacci retracement to attack 1.3050

 GBP / USD falls to 1.3045, down 0.12% intraday, while the markets open in Tokyo trading Tuesday. In doing so, the pair justifies its turn at Fibonacci retracement 50% of the decrease of the month of September, suggesting further ahead weakness.

However, the round number 1.3000 and a seal bar 200 SMA and 38.2% Fibonacci retracement level near 1.2985 will test the bear for weaker of the pair.

The GBP/USD could be overwhelmed by the end of the week

The cable is set to another before the week of turbulence. woes continue sustained Brexit exacerbate the underlying volatility currently affecting British pound, trade negotiations between the UK and the EU reached a new impasse. Boris Johnson, who plays a hard-line role opposite Angela Merkel and Emmanuel Macron, has until this Friday (15th October) to decide to break off talks with its European counterparts.

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