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GBP/USD could attempt to rally further, long targets fibo retrace

Source: Thomson Reuters 1.5025 could be a base ahead of the 1.4952 lows from Jan 23 Oversold trend indicators suggest that pair could attempt to rally further 1.5227 = 38.2% retrace of the fall from 1.5554 to 1.5025 1.51…

By Jay L. Zagorsky
1 min read
GBP/USD could attempt to rally further, long targets fibo retrace
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Source: Thomson Reuters


  • 1.5025 could be a base ahead of the 1.4952 lows from Jan 23

  • Oversold trend indicators suggest that pair could attempt to rally further 

  • 1.5227 = 38.2% retrace of the fall  from 1.5554 to 1.5025 

  • 1.5150 is the 23.6% of the retrace. 1.5138 was Monday's high

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