GBPUSD - Technical Analysis: Friday, 11/08/2017 04:22 GMT
The GBPUSD pair fluctuates around 1.3000 level and keeps its stability below it, to keep the negative pressure dominant on the intraday trades, waiting to extend the correctional bearish wave to reach 1.2930, while breaking this level will lead the price to head towards 61.8% Fibonacci level at 1.2850.
It is important to note that surpassing 1.3000 will lead the price to test 1.3108 initially, reminding you that surpassing the last level will stop the current decline and push the price to rise again
Trend
Bearish