GBPUSD remains in bearish mode; struggles below 50.0% Fibonacci

GBPUSD started the week in negative territory and slipped below the 50.0% Fibonacci retracement level of the upleg from 1.2100 to 1.4375, around 1.3180. The price has been extending its bearish bias after the touch on the 1.4375 resistance on April 17. Since then, the cable continues the downward…

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