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Back Technical analysis
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Back Technical analysis
GBP/USD – September 24: Iran Proposes a Ceasefire to the US
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair consolidated below the 100.0% retracement level at 1.3272 on Wednesday, allowing it to continue declining toward the 1.3164–1.3177 support level. Consolidation above 1.3272 would favor the pound and some upward movement toward the 76.4% retracement level at 1.3368. The market situation remains bearish. The latest completed upward wave failed to break the previous peak, while the new downward wave, which is still forming, broke the previous low. Thus, the bears are now
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