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GBPUSD Oct 02

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
EagleFX-com  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD Forex
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trendanalysis chartpattern indicator gbpusd forex
GBP/USD has crossed below 38.2% Fibonacci retracement level of 1.2340 and currently it's holding below this level at 1.2280. Cable can further drop lower towards the 50% Fibo level at 1.2270 and it's right on spot.
Today 1.2270 is a crucial level, and below this, the GBP/USD my trade bearish until 61.8% Fibonacci retracement level of 1.2195.
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