FX:GBPUSD   British Pound/U.S. Dollar
38 1 3
This pair is clearly in a downtrend on the larger timeframes. Price recently made a lower low and now seems to be in retracement mode. I am looking for a retracement to the 61.8 fib level around 1.53, which also will be a retest of a minor daily counter trendline. If price respects this level, we could see further downside to retest the lows at 1.50 and possible further to the 27.2 extension at 1.49.

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Eyeing 1.4500000 ;)
GBPUSD: I
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